Akin Gump·SECURITIES / CAPITAL MARKETS
SEC Proposes Rescinding Investment Adviser Pay-to-Play Rule
The SEC's September 2026 announcement to rescind Rule 206(4)-5 would eliminate strict liability for political contributions, but compliance risks and other federal, state, and local pay-to-play restrictions remain in force.
sec-rescissionpay-to-play-ruleinvestment-adviserpolitical-contributionsrule-206-4-5compliance-risksecurities-regulation
Read the original firm alert → Thursday, September 10, 2026