Citing to increasingly significant pay-to-play problems in the management of public funds by investment advisors, the Securities and Exchange Commission passed new rules today that prohibit pay-to-play practices.  As we previously reported here, the SEC first considered these rules, modeled after MSRB G-37 and G-38 rules, in 1999.   The rules passed today:

Prohibit investment advisers [...]

Expanded public disclosure is the goal of A-2595: this bill would require “issue advocacy organizations” to disclose contribution and expenditure information and to include disclaimers on public communications comparable to the current obligations of political committees.
The bill aims to reach “stealth PACs” which seek to influence the outcome of elections but do not fit within [...]

At its June 30 meeting the Securities and Exchange Commission will consider for final adoption proposed pay-to-play restrictions for investment advisers.   The proposal was initially published for public comment last summer.  As we discussed here, a prior version was considered, but not adopted, by the SEC in 1999.