Like the nagging parent stressing the dangers of a hot stove, unappreciated Chief Compliance Officers and General Counsel everywhere have been on a pperpetual mission to warn fellow employees of the dangers inherent in mixing contribution activity and state procurement without proper oversight. Such is the lot of the under-appreciated “Cost Center” compliance… Continue Reading
By Stefan Passantino and Ben Keane We have been following for some time the legal challenge brought by various political parties to the SEC’s pay-to-play Rule 206(4)-5. That lawsuit, you will recall, challenges both the constitutionality and administrative jurisdiction of the SEC’s efforts to regulate campaign activity (“protected speech” by another name?) by investment advisors. … Continue Reading
Can’t get enough Pay-to-Play knowledge? Need some quick Continuing Legal Education credits before year end? You might want to check out ALI-CLE’s audio presentation on Federal “Pay-to-Play” Rules: Latest Enforcement Initiatives and Compliance Strategies tomorrow, November 18, at 12:00 – 1:30 pm Eastern Standard Time. The “Pay-to-Play All-Stars” who will be speaking include: S. Jane… Continue Reading
A new complaint was filed with the Federal Election Commission yesterday alleging that Chevron USA violated campaign finance laws and corollary “federal pay-to-play” laws by contributing $2.5 million to the Congressional Leadership Fund, a Super PAC tied by press reporting and former staffers to House Speaker Boehner.
The Conference Board was kind enough to share the following link to portions of a webinar they hosted a few weeks back on best practices for corporate political spending. It is about 20 minutes long and focused on some of the issues those tasked with pay-to-play compliance lay awake worrying about (yes, those people do exist).