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@SECGov
sec.gov > newsroom > speeches-statements > peirce-statement-pay-play-090326

First Amendment Sense and Sensibilities: Statement on Proposed Rescission of Pay-to-Play Rule

1+ week, 2+ day ago   (308+ words) Today, the Commission proposed to rescind Investment Advisers Act rule 206(4)-5, the investment adviser “Pay-to-Play Rule.” I am thrilled that we are proposing to eliminate rather than simply amend the rule, which always has bothered my First Amendment sensibilities.[1] Political speech…...

@SECGov
sec.gov > newsroom > press-releases > 2026-85-sec-proposes-rescission-political-contribution-rule-investment-advisers

SEC Proposes Rescission of Political Contribution Rule for Investment Advisers

1+ week, 2+ day ago   (317+ words) The Securities and Exchange Commission today issued a proposal to rescind its “pay-to-play” rule that prohibits investment advisers from providing compensated investment advisory services to a government client for two years… Official websites use.gov Secure.gov websites use HTTPS…...