US SEC proposes scrapping “pay-to-play” rules for pension adviser business
The US SEC proposed doing away with “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 doing away with "pay-to-play" regulations intended to prevent investment advisers from winning business from public pension funds by making political contributions.Under a proposed change unveiled on Thursday, the agency would scrap regulations that…