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SEC Proposes Rescission of Political Contribution Rule for Investment Advisers

The Securities and Exchange Commission today issued a proposal to rescind its “pay-to-play” rule that prohibits investment advisers from providing compensated investment advisory services to a…

  • SEC proposes rescinding pay-to-play rule for investment advisers.
  • Rule restricts services to clients affiliated with government entities post-political contributions.
  • Eliminates recordkeeping requirements, aims to restore political speech.

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