GOP Challenge To SEC Pay-To-Play Rule Nixed By DC Circ.
Law360, New York (August 25, 2015, 10:43 AM EDT) -- The D.C. Circuit refused Tuesday to revive a First Amendment challenge to the U.S. Securities and Exchange Commission’s investment adviser “pay to play” rule by New York and Tennessee Republican groups, concluding that the case was time-barred and could be decided only by a federal appeals court.
The SEC's "pay to play" rule has been spared from a First Amendment challenge from Republican groups, as the D.C. Circuit refuses to revive the time-barred case. (Credit: Law360) The panel heeded the SEC’s call to apply the 60-day deadline to the New York Republican State Committee and Tennessee Republican Party’s challenge to the...
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