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News · ■ Mixed · 2 sources confirmed · 2026-09-25 19:42 UTC

SEC Proposes to Rescind the Investment Adviser Pay-to-Play Rule Potentially Eliminating Years of Unintended Consequences

Why now

Thesis: Deregulation of adviser conduct rules

Catalyst to watch: Comment period and final SEC vote

Main risk: Reintroduces pay-to-play corruption risk

Why it matters

Rescinding pay-to-play rules could loosen adviser political-contribution constraints, altering compliance costs and fund flows.

Related assets & topics

Credit

Sources

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