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August 15, 2014


Lawsuit Seeks to End Pay-to-Play Restrictions

A recent lawsuit says investment managers "should be able to donate money to whichever politicians they choose, even if those donations could present a conflict of interest down the line," Pension 360 reports.

"The lawsuit, filed last week by Republican committees from New York and Tennessee against the SEC, wants the court to affirm that political donations are free speech--and, by extension, current SEC pay-to-play rules are unconstitutional. Under the SEC's current rules, investment advisors can't make donations to politicians that have any influence--direct or indirect--over the hiring of investment firms."














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