Hedge Fund Blogs From HedgeCo.Net


SEC Charges Firm with Pay-To-Play Violation

CW Logo SmallJune 26, 2014

Dear Friends,

For the first time, the SEC charged an investment adviser with violating the pay-to-play rules adopted in 2010. The firm paid an almost $300,000 fine due to $4,500 in campaign contributions made to a Philadelphia mayoral candidate and the Governor of Pennsylvania.

The firm continued to accept fees from two public pension funds, within two years of contributions made to these government officials.

Please click here for the SEC’s order. Please feel free to contact us with any questions at (212) 867-0200 or email us at info@counselworksllc.com.

Thank you,

CounselWorks

About CounselWorks LLC

CounselWorks is a strategic business and regulatory consulting firm, that provides project-based consulting and manages compliance and regulatory programs for hedge funds, private equity firms, investment companies, broker-dealers and investment banks.
This entry was posted in compliance, Hedge Fund Commentary, hedge fund news, hedge fund regulation and tagged , , , , . Bookmark the permalink.

Comments are closed.