On the heels on several high profile scandals, the SEC has moved quickly to address “pay-to’play” practices in the hedge fund and investment advisory arenas. Last week, the SEC adopted new Rule 206(4)-5 limiting “pay-to-play” practices for investment advisers, including hedge fund investment advisers. The new Rule effectively prohibits the adviser from receiving compensation from [...]
Entries Tagged as 'political contributions'
Over $8 million has been given to presidential candidates so far during this election season by hedge fund and private equity employees, according to data from the Center for Responsive Politics. (59/41, Dem/Rep by the way.) Compliance specialists need to consider how these contributions should be integrated into their compliance policies and procedures. Can you [...]