FINRA NOTICE. NLR. “The SEC’s pay-to-play rules prohibit an investment adviser and its covered associates from providing or agreeing to provide payment to any person to solicit a government entity for investment advisory services on behalf of the investment adviser, unless the person is a ‘regulated person.'”
THE COORDINATION QUESTION. WSJ. “Candidate Clinton railed against Citizens United—a case that involved a documentary film critical of her—arguing that ‘big money’ and “secret spending” are ruining our politics. Is it too much to ask that those who loudly demand greater regulation of political speech and spending themselves abide by the laws already on the books?”
MN: ETHICS ISSUES ARISE. MFP. “Cornish would be in clear violation of House ethics rules, state law or both if the lobbyist gave him wine, food or a campaign contribution in response to that text. The reason for those rules is to avoid any possibility — or even the perception of the possibility — that lawmakers would be influenced by gifts from lobbyists to advance certain legislative or budget priorities.”
MO: PACS HELP. CO. “A new law that caps contributions to state political candidates likely will shift the power in Missouri politics to third parties and reduce information about where the donations come from, according to political consultants who point to a race for a state Senate decided last week as an example of the problem.”
MT: PROFESSIONAL MISCONDUCT ALLEGED. BDC. “Bozeman attorney and former Republican state legislator Art Wittich is facing disciplinary action from the Montana Supreme Court stemming from a campaign finance violation case.”
NY: FIX CITY RULES. NYP. “Public funding is supposed to leave candidates less dependent on big-money interests. But the system didn’t deter de Blasio for selling access to City Hall, even if prosecutors decided they couldn’t build a safe case against him.”
OH: LOOPHOLE TALK. TR. “With Tuesday’s blowout defeat, Issue 2 has come and gone. But the fight over the Drug Price Relief Act exposed a serious loophole in Ohio campaign-finance law, and officials in both parties want it closed.”
HAVE A GOOD DAY.