The Commission is publishing for comment a new rule under the Investment Advisers Act of 1940 that would prohibit an investment adviser from providing advisory services for compensation to a government client for two years after the adviser or any of its partners, executive officers or solicitors make a Contribution to certain elected officials or candidates. The Commission also is proposing rule amendments that would require a registered adviser that has government clients to maintain certain records of the political contributions made by the adviser or any of its partners, executive officers or solicitors. For instance, if they receive compensation for giving advice to a specific person on investing in stocks, bonds, or mutual funds, they are investment advisers.
Some investment advisers manage portfolios of securities and pension plans.
Opposed to the rule. Please add a comment related to the proposed rule below. If you prefer to submit an independent comment to the above agency, please indicate this option below. The above information is being collected for the purpose of submitting a Public Comment to the SEC only. It is also important that a registered adviser that has government clients maintain good records of the political contributions made by the adviser or any of its partners, executive officers or solicitors.