Loopholes, the law, and the wild west in today’s political law links
RULES FOR INVESTMENT ADVISERS. Bloomberg. “Arguments last month before the D.C. Court of Appeals addressed the constitutionality of a rule adopted by the U.S. Securities and Exchange Commission in 2010, which regulates campaign contributions by investment advisers.” SNAPCHAT, CAMPAIGN LAW, AND 16. Fusion.net. “What is new, however, is the potential conundrum that an app like […]
Political law links
AIDE PLEA. Bizjournals.com. “A longtime former aide to U.S. Rep. Chaka Fattah (D-Philadelphia) pleaded guilty Wednesday for his role in attempting to conceal two campaign finance-related fraud schemes initiated by a local elected official.” WALLETS OPEN. WP. ”Together, 310 donors gave a combined $11.6 million more by this summer than would have been allowed before […]
Tues. political law links
SEC SETTLES. WSJ. “The SEC’s so-called pay-to-play rule prohibits investment advisers from providing paid advisory services to pension funds within two years of a political contribution to an official with power to influence the funds.” The SEC release is here. This is huge news and is sure to generate a flood of urgent memos on […]