SEC proposes reforms to pay-to-play rules for investment advisers
The SEC proposed reforms to “pay-to-play” regulations aimed at preventing investment advisers from winning public pension fund business via political contributions.
Wall Street's top regulator on Thursday proposed reforms to "pay-to-play" regulations intended to prevent investment advisers from winning business from public pension funds by making political contributions.Under President Donald Trump, the U.S.
Securities and Exchange Commission has said the regu…