Here’s the huge pay to play news from the Securities and Exchange Commission today. The rule adopted by the SEC today includes prohibitions intended to capture not only direct political contributions by investment advisers, but also other ways that advisers may engage in pay to play arrangements. . . . The new SEC rule has […]
Category: Rule G-37
Section 1027 of the financial regulatory reform legislation
In May I noted section 1027 of the financial regulatory reform legislation that went to conference. The conference report (2,315 page PDF) mirrors the prior version of section 1027. A summary of the conference committee notes: Better Oversight of Municipal Securities Industry Registers Municipal Advisors: Requires registration of municipal advisors and subjects them rules written […]
Would you buy a book from Steven Rattner?
The Times looks at former auto czar Steven Rattner’s chances of being barred from the securities industry for three years due to an alleged kickback scheme. The Times mentions Mr. Rattner’s upcoming book and Rattner himself wrote about it in yesterday’s Post.