Exciting new series on “Voice, Body and Movement for Lawyers – How to connect with the jury and find Justice Through Dramatic Technique!”
Click here to find out moreCurbing so-called “pay to play” practices has become a high priority at all levels of government today. Recently, the SEC adopted a new rule designed to restrict certain political contributions by investment advisers that are perceived to improperly influence the award of government investment business. The SEC’s rule imposes substantial new compliance and recordkeeping burdens on advisers, who were required to be in compliance with the rule by March 14, 2011 (and certain aspects of the rule by September 13, 2011). In addition, a number of States, cities and localities have also enacted “pay to play” laws that, in some cases, are more restrictive than the SEC’s rule. Violations of “pay-to-play” laws may result in the loss of compensation for government advisory business for substantial periods of time. Therefore, investment advisers need to understand that that this is an area fraught with potential landmines and severe consequences for non-compliance. In this program geared especially for investment advisory compliance and legal professionals, K&L Gates LLP presenters Kay Gordon, David Dickstein, and Richard Guidice provide essential information and insights for advisers with government contracts to start addressing these issues immediately, including the implementation of appropriate policies, procedures and safeguards to address this complex compliance challenge.
