GOP Challenge To SEC Pay-To-Play Rule Axed

By Kurt Orzeck (September 30, 2014, 10:27 PM EDT) -- A Washington, D.C., federal judge on Tuesday tossed a challenge by the New York and Tennessee Republican parties to the U.S. Securities and Exchange Commissions' pay-to-play rule for investment advisers, saying judicial review of the rule lies exclusively in the federal court of appeals....

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