Pay to play enforcement to gain momentum (Compliance Week)

With the November 3rd election looming, expect the SEC to have a renewed focus on compliance with the “Pay to Play” rule and firms’ oversight of employee political contributions. Amy Lynch, FrontLine’s Founder and President, views the largest issue for firms that run afoul of the rule to be the loss of advisory fee income for a two year period. Asking the right questions of both employees and new hires, as well as monitoring and reporting using public sites or tech systems, can go a long way toward preventing compliance lapses with various components of the rule, Ms. Lynch adds. See Compliance Week (one free view then subscription required), “SEC ‘pay-to-play’ enforcement surge projected in 2021″