Birdwatch Archive

Birdwatch Note

2023-05-16 20:17:04 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

The SEC pay-to-play rule doesn’t forbid the pension funds from having money managed by investment management firms that donate to theGovernors Association. It forbids firms that donate directly to state officials / candidates from charging fees to manage pension fund money. https://www.srz.com/resources/sec-pay-to-play-rule-update-recent-sec-enforcement-activity-and.html

Written by 4EFE941EEE443BB7CC6EE07F79670B2B14FD67012FCF750117419F5C64A9B567
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• noteId - 1658567262133972994
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• noteAuthorParticipantId - 4EFE941EEE443BB7CC6EE07F79670B2B14FD67012FCF750117419F5C64A9B567 Participant Details
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• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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• summary
• The SEC pay-to-play rule doesn’t forbid the pension funds from having money managed by investment management firms that donate to theGovernors Association. It forbids firms that donate directly to state officials / candidates from charging fees to manage pension fund money. https://www.srz.com/resources/sec-pay-to-play-rule-update-recent-sec-enforcement-activity-and.html