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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS