Tag Archives: Rule 506(4)-5

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