Pay-to-Play

DeBaggis caused State Street to pay $160,000 to Mohamed Noure Alo (“Alo”) in purported lobbying fees, a substantial portion of which actually operated as kickbacks ...

Mark Lay sits in prison after a fraud conviction and a sentence due to run through 2018. The former investment adviser likely saw his last ...

Mark July 31 as the official start of the pay-to-play rule’s long delayed ban on third-party solicitation. However, the compliance date loses significance for firms ...

Daniel Yih, the COO of Starwood Capital Group ($24B in AUM) in Greenwich, Conn., sought to help his longtime friend, Bruce Rauner, who was running ...

The firm sought an exemption under Rule G-37 of the MSRB and FINRA Rule 9610 from the prohibition from engaging in municipal securities business in ...

The Teachers’ Retirement System of the State of Illinois and State Universities Retirement System of Illinois will not follow the Illinois State Board of Investment’s ...

Four years after the SEC’s adoption of its pay-to-play rule for investment advisers, FINRA is now proposing its own. The SRO’s proposed rule is aimed ...

We told you it was coming and last week the SEC issued an exemptive relief order for Ares Real Estate Management Holdings ($4.9B in AUM) ...

It’s been about one year since the SEC granted the first exemptive order to an adviser that had inadvertently violated the pay-to-play rule (IA Watch, ...

(a) Prohibitions. As a means reasonably designed to prevent fraudulent, deceptive or manipulative acts, practices, or courses of business within the meaning of section 206(4) ...