Pay-to-Play

Four years after the SEC’s adoption of its pay-to-play rule for investment advisers, FINRA is now proposing its own. The SRO’s proposed rule is aimed ...

We told you it was coming and last week the SEC issued an exemptive relief order for Ares Real Estate Management Holdings ($4.9B in AUM) ...

It’s been about one year since the SEC granted the first exemptive order to an adviser that had inadvertently violated the pay-to-play rule (IA Watch, ...

(a) Prohibitions. As a means reasonably designed to prevent fraudulent, deceptive or manipulative acts, practices, or courses of business within the meaning of section 206(4) ...

Arguments are scheduled next week in a federal court case in Washington, D.C. that could negate the SEC’s ability to hold investment advisers to its ...

Last month, we reported the enforcement action against TL Ventures and Penn Mezzanine, two exempt-reporting advisers that thought the pay-to-play rule didn't apply to them ...

The first settlement by an adviser with the SEC for violating the pay-to-play rule may be known most by the unusual second piece of the ...

Last month we told you it was coming (IA Watch, Oct. 28, 2013) and on Nov. 13th the SEC issued its first exemptive order under ...

More than three years after it adopted a rule against political contributions by advisers that manage public pensions, the SEC is poised to issue its ...

Highland Capital Management ($1.2B in AUM) in Memphis thought they had the perfect man for the job. Rick Masson had retired as the chief administrative ...