SEC Chairman Atkins Issues Statement on Proposal to Rescind Pay-to-Play Rule
September 04, 2026
September 04, 2026
WASHINGTON, Sept. 4 -- The Securities and Exchange Commission issued the following statement on Sept. 3, 2026, by Chairman Paul S. Atkins on a proposal to rescind the "pay-to-play" rule:
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Today, by proposing to rescind the "pay-to-play" rule (Rule 206(4)-5 under the Investment Advisers Act of 1940), the Commission is clearly reiterating that the SEC is not the nation's elections regulator. The "pay-to-play" rule was intended to de . . .
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Today, by proposing to rescind the "pay-to-play" rule (Rule 206(4)-5 under the Investment Advisers Act of 1940), the Commission is clearly reiterating that the SEC is not the nation's elections regulator. The "pay-to-play" rule was intended to de . . .