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