CHALLENGE DISMISSED.  Reuters.  “A federal judge in Washington late on Tuesday dismissed a challenge by two state Republican parties of a U.S. Securities and Exchange Commission rule that imposes restrictions on asset managers who donate to political campaigns, handing the regulator a victory.”

CANTOR FUNDS.  WP.  “Former House majority leader Eric Cantor, who lost his primary election in June, had nearly $738,208 in his campaign account designated for his general election.”

FL:  CITY PAYS.  OS.  “Apopka spent $132,000 for two firms to lobby state and federal politicians last year.”

NY:  PENSIONS AND POLITICS.  Timesunion.com.  “We’ve recently seen a string of “pay-to-play” scandals in California, New York, and other states, where politically-connected financial executives gain access to public pension money in exchange for political campaign contributions.”

PA:  LAW FLAW.  PPG.  “One of its key enforcement mechanisms is defunct. Other provisions are contradictory: In an apparent oversight, the ordinance omits mayoral and city controller races from the definition of races it covers.”

VA:  ISSUE FOR GOVERNOR’S AIDE.  WP.  “Virginia Gov. Terry McAuliffe’s top lieutenant apologized Friday after admitting that he had tried to keep a Democrat from quitting the evenly divided state Senate with the prospect of a lucrative state job for the senator’s daughter.”

VA:  MCAULIFFE AND DEAL.  WP.  “But having spent the past several months affecting shock and outrage at the Republicans’ supposed treachery, Mr. McAuliffe should now explain whether his administration was in fact not doing precisely the same thing.”

VA:  ETHICS REFORM.  WP.  “When it comes to ethics in Virginia, the fight isn’t between Democrats and Republicans. It’s the political class of both parties vs. the public as a whole.”

HAVE A GOOD DAY.