Pay-to-Play Rules: Latest Developments on MSRB, SEC, CFTC and FINRA Regulations

Production Date: October 14, 2016 Practice Areas: The SEC and Election, Campaign, & Political Law Estimated Length: 3794 minutes


$ 59 The SEC and Election, Campaign, & Political Law In Stock

Pay-to-play rules restrict political contributions made by covered employees of companies that have, or attempt to obtain, a business relationship or contract with a government entity. Covered contributions may have draconian implications, resulting in a loss of business and compensation. At the federal level, these pay-to-play rules apply to broker-dealers and municipal advisors (MSRB Rules G-37/G-38), investment advisers (SEC Rule 206(4)-5), and swap dealers (CFTC Rule 23.451). On August 25, 2016, the SEC approved FINRA proposed rules 2030 and 4580 that impose pay-to-play restrictions and record keeping requirements on broker-dealers that act as placement agents for investment advisers or their managed funds. Many states and localities throughout the U.S. regulate political contributions in a similar manner. Additional regulatory developments are expected in the area of pay-to-play in the coming months.

Learning Objectives: 

  1. Learn the key provisions of pay-to-play rules and their practical impact
  2. Discuss strategies for compliance
  3. Identify unique election year issues
Dane R.
Hanover, PA

Excellent and detailed.

Susan T.
Springfield, OR

Well prepared Faculty

Daniel T.
Manhattan, NY

Excellent lecture and the slides were very helpful, but I could not download them using link on course page.

Julie A. B.
Hiles, WI

Apt subject for the 2016 presidential election cycle with a discussion that highlights unique election-year issues. Valued learning the important requirements of the pay-to-play rules escorted by their real-world impact in addition to assorted approaches for compliance.