Tag Archives: Pay to Play

Pay to Play Guidance Issued Related to CAB Broker/Dealers

The US Securities and Exchange Commission (“SEC”) issued an update to the guidance previously issued in the Staff Response to Questions about the “pay to play” rule (Investment Advisers Act Rule 206(4)-5).  The updated information was meant to address pay to play issues raised as a result of the rules implemented by the Financial Industry … Continue reading Pay to Play Guidance Issued Related to CAB Broker/Dealers

SEC Approves New FINRA Pay-to-Play Rules

The Securities and Exchange Commission (SEC) approved FINRA Rule 2030 (Engaging in Distribution and Solicitation Activities with Government Entities) and 4580 (Books and Records Requirements for Government Distribution and Solicitation Activities) to establish pay-to-play and related rules regulating the activities of member firms of the Financial Industry Regulatory Authority (FINRA) that engage in distribution or solicitation … Continue reading SEC Approves New FINRA Pay-to-Play Rules

FINRA Pay-to-Play Rules Become Effective

FINRA “pay-to-play” Rules 2030 (Engaging in Distribution and Solicitation Activities with Government Entities) and 4580 (Books and Records Requirements for Government Distribution and Solicitation Activities) were established to regulate the activities of member firms that engage in distribution or solicitation activities for compensation with government entities on behalf of investment advisers.  These rules become effective August … Continue reading FINRA Pay-to-Play Rules Become Effective

SEC Approves New FINRA Pay-To-Play Rules

The Securities and Exchange Commission (SEC) approved FINRA Rule 2030 (Engaging in Distribution and Solicitation Activities with Government Entities) and 4580 (Books and Records Requirements for Government Distribution and Solicitation Activities) to establish pay-to-play and related rules regulating the activities of member firms of the Financial Industry Regulatory Authority (FINRA) that engage in distribution or solicitation … Continue reading SEC Approves New FINRA Pay-To-Play Rules

FINRA Proposes “Pay-To-Play” Rules

The Financial Industry Regulatory Authority, Inc. (“FINRA”) has filed a proposed rule change to adopt FINRA Rules 2030 (Engaging in Distribution and Solicitation Activities with Government Entities) and 4580 (Books and Records Requirements for Government Distribution and Solicitation Activities) with the Securities and Exchange Commission (“SEC”) to establish “pay-to-play” and related rules that would regulate … Continue reading FINRA Proposes “Pay-To-Play” Rules

Pay to Play Ban on Third-Party Solicitation Now Effective

The Securities and Exchange Commission (“SEC”) adopted Rule 206(4)-5 (“Pay to Play Rule”) under the Investment Advisers Act of 1940 in 2010.  The Pay to Play Rule prohibited investment advisers from providing advisory services for compensation to a government client for two years after the adviser or certain of its executives or employees had made … Continue reading Pay to Play Ban on Third-Party Solicitation Now Effective