The SEC Pay-to-Play Rule for Investment Advisers as it Turns 12

Partner Ki Hong and counsel Tyler Rosen look at the SEC pay-to-play rule, which prohibits investment advisors from receiving compensation for advice to a government entity for two years after making a political contribution to certain state or local candidates or officials. On the 12th anniversary of the rule, Ki and Tyler discuss its impact on the financial services industry and political campaigns, as well as its future.