US SEC proposes cancellation of 2010 'pay-to-play' rule
By Neil Roland ( September 3, 2026, 21:58 GMT | Insight) -- The US Securities and Exchange Commission proposed to retract its 2010 “pay-to-play” rule that prohibits investment advisers from providing paid services to a government client for two years after making a political contribution to some elected officials or candidates. The SEC’s announcement said the agency has determined that the political contribution rule “has led to significant unintended consequences, such as prohibitions by some advisers on political contributions at the state and local level.”The US Securities and Exchange Commission proposed to retract its 2010 “pay-to-play” rule that prohibits investment advisers from providing investment advisory services to a government client for two years after making a political contribution to some elected officials or candidates....
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