SEC Roundup
SEC Roundup 105: The SEC Pay-to-Play Repeal Illusion
18:06
The SEC has proposed scrapping Rule 206(4)-5, the pay-to-play rule that cuts off government-client fees for two years after a political contribution. Advisers shouldn't delete their policies. Sidley's Hardy Callcott — former SEC assistant general counsel for Market Regulation and former Schwab general counsel — tells Nick Morgan and Mark Hiraide why most RIAs will keep their political giving…