Birdwatch Archive

Birdwatch Note

2023-06-01 18:33:06 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

The SEC’s anti-pay-to-play rule doesn’t apply to DeSantis. It applies to investment management firms, and simply bars them from earning management/performance fees from a state if the firm or its principals donate directly to a public official or candidate — which they didn’t. https://www.sec.gov/rules/final/2010/ia-3043.pdf

Written by 685272EC402BE81D5FD9AFEF3349DB7805EF0F23C987FDA5CE67F96DF9DD36A1
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• noteId - 1664339303508353043
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• noteAuthorParticipantId - 685272EC402BE81D5FD9AFEF3349DB7805EF0F23C987FDA5CE67F96DF9DD36A1 Participant Details
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• tweetId - 1664290759917404160
• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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• summary
• The SEC’s anti-pay-to-play rule doesn’t apply to DeSantis. It applies to investment management firms, and simply bars them from earning management/performance fees from a state if the firm or its principals donate directly to a public official or candidate — which they didn’t. https://www.sec.gov/rules/final/2010/ia-3043.pdf