United States: Away With Pay to Play?
By: Thoreau A. Bartmann, Lance C. Dial, Jennifer L. Klass, and Pablo J. Man
Sometimes, people like to give money to other people. Sometimes, those other people are politicians. Sometimes those politicians are officials of government entities whose funds investment advisers manage in exchange for compensation. There are lots of reasons someone would give money to politicians, but, over the last almost-sixteen years the SEC made it challenging for employees of investment advisers to give politicians money. Today the SEC has just proposed to undo that.
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