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News
First Amendment Sense and Sensibilities: Statement on Proposed Rescission of Pay-to-Play Rule
1+ week, 3+ 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…...