A $12 million settlement announced last week by the Securities & Exchange Commission suggests that the SEC will aggressively pursue alleged schemes connecting political contributions to government contracts even if the political contributions do not violate its 2010 pay-to-play rule. According to the settlement order, in 2010, the head of
Continue Reading SEC Issues Fines for Pay-to-Play Violations That Predate Its Pay-to-Play Rule
penalties
FEC Issues Zero Tolerance Decision on Foreign National Contributions
By Robert Lenhard on
Posted in Campaign Finance, Enforcement
In a little noticed decision earlier this month, the FEC announced the settlement of an enforcement case that sets a compliance standard that few companies may currently meet. FEC ADR Case 708 (Marsh & McLennan Companies, Inc. PAC). The outcome is even more surprising because the case involved a single…
Continue Reading FEC Issues Zero Tolerance Decision on Foreign National Contributions
SEC Announces Major Fines In First Pay-to-Play Enforcement Case
By Zachary G. Parks on
Posted in Enforcement, SEC Pay-to-Play
The Securities & Exchange Commission hit a Philadelphia-area private equity firm today with a major penalty, in the SEC’s first case involving alleged violations of its 2010 “pay-to-play” rules. More enforcement actions may be coming.
The SEC pay-to-play rules were adopted to prevent, among other things, executives of investment firms…
Continue Reading SEC Announces Major Fines In First Pay-to-Play Enforcement Case