Plan How You're Going To Comply With Pay-To-Play Now
This is from the lawyers at Covington & Burling, who say they expect to see a final rule from the SEC restricting how investment advisers can influence contracts with public pension plans around the middle of next year. This would be just a few months before the 2010 elections, when campaigns are underway and investment advisors and their associates are already volunteering and raising money for candidates, creating all sorts of potential for conflicts of interest. "It will stir the pot," says Covington's Rob Kelner.
12 November 2009•2 mins read
