The SEC is proposing to ease a rule that restricts investment advisers from working for public pension funds if they have made political donations to state and local elected officials. The change would reduce compliance friction for adviser political activity, but the overall market impact is likely limited until the proposal is finalized.
The SEC is proposing to ease a rule that restricts investment advisers from working for public pension funds if they have made political donations to state and local elected officials. The change would reduce compliance friction for adviser political activity, but the overall market impact is likely limited until the proposal is finalized.
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