The Times reports on issues related to New York City Comptroller William Thompson Jr. and politica contributions from money managers. The comptroller, who serves as the city’s chief financial officer, said the managers are hired by city’s five pension funds only after a rigorous analysis of their previous investment results, conducted by his staff and […]
Category: Rule G-37
SEC’s Proposed Pay to Play Rules
The SEC’s new pay to play rules for certain investment advisers is here and comments are being solicited and may be submitted online. In 1999, three members of the Federal Election Commission opposed a similar proposed rule in this letter signed by Vice Chairman Darryl R. Wold and Commissioners David M. Mason and Lee Ann Elliott. […]
Public Pension Fund Pay to Play
The Times endorses the SEC’s proposed pay to play rules for public pension funds today. The Securities and Exchange Commission long ago barred underwriters of municipal bonds from contributing to candidates and then doing business with them. But 10 years ago, the commission balked at expanding that order to pension funds. Finally, last week the […]