started · updated
SEC proposes easing ‘pay-to-play’ rules for investment advisers
The U.S. Securities and Exchange Commission (SEC) has proposed easing ‘pay-to-play’ regulations that restrict investment advisers from managing public pension funds following political contributions to state and local officials. The proposal, which has been submitted to the White House for review, aims to reduce compliance burdens that the regulator claims are unnecessary and overly restrictive.
Under existing rules established in 2010, investment advisers face a two-year ban on collecting fees for managing public assets if the firm, its key personnel, or an affiliated political action committee makes donations to state or local political campaigns. The current rules also prohibit fundraising for candidates or political parties in jurisdictions where the adviser seeks government investment business.
The proposed changes align with broader deregulation efforts but may face opposition from those concerned that loosening restrictions could increase political corruption risks and jeopardize billions of dollars in public pension funds.
Entities
Donald Trump · Office of Management and Budget · Securities and Exchange Commission · White House
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] The proposal has been submitted to the White House for review. jack1065.com · kelo.com · wtvbam.com
- [● 3 SOURCES] The current pay-to-play rule creates unnecessary compliance burdens and overly restricts investment advisors. jack1065.com · kelo.com · wtvbam.com
- [● 3 SOURCES] The SEC has proposed easing regulations that bar investment advisers from managing public pension funds following political contributions to state and local officials. jack1065.com · kelo.com · wtvbam.com
- [● 3 SOURCES] The reform aims to reduce identified compliance burdens. jack1065.com · kelo.com · wtvbam.com
- [● 3 SOURCES] Under current rules, investment advisers face a two-year ban on collecting fees for managing public assets if the firm or key personnel donate to state or local political campaigns. jack1065.com · kelo.com · wtvbam.com
- [● 3 SOURCES] The current rule prohibits investment advisers and covered employees from fundraising for candidates or political parties in jurisdictions where they seek government advisory business. jack1065.com · kelo.com · wtvbam.com