WASHINGTON, Sept. 10 -- Securities And Exchange Commission has issued a proposed rule called: Political Contributions by Certain Investment Advisers.
The proposed rule was published in the Federal Register on Sept. 10 by Vanessa A. Countryman, Secretary.
Summary: The Securities and Exchange Commission (the "Commission" or the "SEC") is proposing to rescind the political contribution rule under the Investment Advisers Act of 1940 (the "Advisers Act"), which prohibits investment advisers from providing investment advisory services for compensation to a government client for two years after an adviser or any covered associate of the adviser makes a contribution to certain categories of elected officials or candidates, among other prohibition...