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Justin Browder Quoted in Pitchbook on Proposed Rescission of SEC Pay-to-Play Rule
Partner Justin Browder was quoted in a Pitchbook article titled, “SEC’s Proposed Scrapping of the ‘Pay-to-Play Rule’ Draws Divided Response,” which discussed the SEC’s proposal to rescind its pay-to-play rule governing political contributions by investment advisers. The article explored how fund managers and advisers in the industry have been reacting to the proposed rescission. Discussing the rule’s enforcement history, Justin noted: “Many of the actions brought under the pay-to-play rule to-date could be seen as foot faults or compliance breakdowns, rather than intentional misconduct.”
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