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April 23, 2012


Romney Effort Raises Red Flag for Wall Street Donors

Mitt Romney's effort to increase the amount of money wealthy backers can give to his campaign -- by encouraging donations to state parties -- "has hit a hurdle: new Securities and Exchange Commission rules that are making some Wall Street donors skittish about writing checks," the Wall Street Journal reports.

At issue: "Presidential candidates in the past have asked donors to give money to state parties to help fund their election effort. But Mr. Romney's inclusion of state campaigns has raised a red flag with some Wall Street firms because of new SEC rules enacted after 'pay to play' scandals."












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