SEC proposes reforms to political contribution rule for investment advisers
XLF•SEC proposes changes to pay-to-play rule
Sept. 3 (Reuters) - Wall Street's top regulator on Thursday proposed reforms to "pay-to-play" regulations intended to prevent investment advisers from winning business from public pension funds by making political contributions.
Under President Donald Trump, the U.S. Securities and Exchange Commission has said the regulations create needless compliance burdens and are excessively restrictive for investment advisers.




