Scott Gluck
In April of last year, David Blass, chief counsel for the Division of Trading and Markets at the U.S. Securities and Exchange Commission, gave a speech in which he warned that private equity funds might be required to register as broker-dealers in connection with their fundraising activities as well as charging transaction-related fees from their portfolio companies.
Federal, state and local pay-to-play rules present a quagmire of risk for investment advisers who seek to engage in the political process. Here are 10 best practices to help you through the labyrinth.