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 […]
MSRB MOVES. Bond Buyer. “The Municipal Securities Rulemaking Board is revising its proposed rule governing the duties of municipal advisors in response to market comments, and will also propose amending its pay-to-play rule to cover MAs, the MSRB announced Tuesday.” SUPER PAC BENEFIT. HuffPo. “It’s not completely clear how legal this set-up is in this […]
RISK ALERT. Many thanks to the helpful reader who forwarded me this recent “National Examination Risk Alert” on MSRB pay-to-play rules. SUPER PAC LAUNCHES. Politico. “The YG Action Fund is launching nearly $2 million in television advertisements in Democratic-held districts Monday, the super PAC’s first buy of the general election.” BEING THERE. Story here. “Google, […]