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Open Categories Menu Investment Advisers Act Rule 206 (4)-5 Today the SEC approved new Rule 206 (4)-5 under the Investment Advisers Act of 1940 which prohibits investment advisers from making political contributions in certain situations. The new rule has three essential elements: Investment advisory firms and employees are prohibited from managing assets for [...]
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Posts Tagged ‘ sec pay to play ’
4 November
Public Comments on SEC Proposed “Pay to Play” Rules
SEC Proposed Pay to Play Rules Draw Many Comments Earlier this year the SEC proposed so-called “pay to play” rules which would restrict SEC registered investment advisers from managing money from state and local governments under certain circumstances. According to the SEC press release, “the measures are designed to prevent [...]
