Jun
02
Financiers eye SEC crackdown on political spending as 2016 nears
ByThis hot money will haunt Wall Street.
Hundreds of millions of dollars in political contributions by the securities industry to the 2016 presidential election cycle could soon run afoul of the law — tripping up financiers who are among the biggest campaign contributors in America, according to legal experts.
And the Street may have had this coming. When the Securities and Exchange Commission announced last year plans to unleash “all available enforcement tools” to protect public pension funds from “corrupting influences,” it was a shot across the bow of the fund industry…
Financiers eye SEC crackdown on political spending as 2016 nears
