The SEC Wants to Scrap a Key Anti-Corruption Rule Targeting Private Equity
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Earlier this month, the Securities and Exchange Commission quietly published a proposal to rescind a long-standing anti-corruption measure that prevents private equity firms and other investment advisers from buying access to billions of dollars in pension funds that belong to public employees like teachers, police, firefighters, and more.
The regulation, which has come to be known as the “pay-to-play” rule, was passed nearly two decades ago, on the heels of scandals where Wall Street firms m
The regulation, which has come to be known as the “pay-to-play” rule, was passed nearly two decades ago, on the heels of scandals where Wall Street firms m
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