SEC Pay-To-Play Rule

Insurance and Financial Advisors Political Action Committee

 

The SEC enacted its new Pay-to-Play Rule to make sure political campaign contributions have no bearing on who receives financial advisory contracts granted by state and local governments. There has been much confusion about how broadly the SEC will interpret the rule, and a number of RIA companies reacted by telling their agents to stop contributing to state PACs altogether. IFAPAC has made procedural changes to ensure that the federal PAC is not affected.

Sharing your IFAPAC contribution with both your state IFAPAC and your federal IFAPAC is in the best interests of our advocacy program. Accordingly, it is imperative that you take action to make sure your contribution is shared with your state PAC – if your company and/or broker-dealer permits the contribution sharing – by completing an IFAPAC Directive.

NAIFA Member Directive for Use of IFAPAC Funds

Additional Information and Resources:

Webinar

  • SEC “Pay to Play” Rule: What You and Your Members Need to Know: 

    Webinar
     | Powerpoint