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Est. 2026Moves · Money · ManagementNew York

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Enforcement

SEC seeks to rescind 2010 'pay-to-play' rule, paving the way for investment advisors to again bid for public pension contracts while making political donations to officials with influence over pension awards

By Brooke Southall · RIABiz ·

The rule grew out of a major 2009 New York state pension scandal involving bribes and kickbacks for pension contracts and gets applied in SEC sweeps

Summary as published by RIABiz
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