SEC Adopts New Rules Limiting Political Contributions by Investment Advisors
July 13, 2010
Author: Jisha V. Dymond View the article Citing pay-to-play problems in the management of public funds by investment advisors, on June 30 the Securities and Exchange Commission passed new rules that prohibit pay-to-play practices. The SEC first considered these rules, modeled after the MSRB G-37 and G-38 rules, in 1999. While the rules generally go into effect 60 days after publication in the Federal Register, the effective dates for some of the rules are extended to provide time for compliance.