TITLE

SEC OKs Pay-to-Play Ban For Investment Advisers

AUTHOR(S)
Hume, Lynn
PUB. DATE
July 2010
SOURCE
Bond Buyer;7/1/2010, Vol. 373 Issue 33343, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the adoption of rules by the U.S. Securities and Exchange Commission (SEC) that is intended to prevent investment advisers (IAs) from engaging in pay-to-play practices. The rules are aimed to prevent IAs from contributing to elected officials to get business from local and state pension funds, investment pools and college savings account. Edward Pittman, a lawyer at Dechart LLP, notes that the rules will pose some compliance issues for investment advisers.
ACCESSION #
52219210

 

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