Tag Archives: pay to play

SEC Fine IA Muni Pay-to-Play

On Jul. 10, SEC fined Oaktree $100k for muni pay to play violations. Oaktree Capital Management settled charges of violating muni pay to play rules. Rule Restrictions Found breach of IAA S. 203(e), 203(k) of the Investment Advisers Act of 1940. Violated SEC pay-to-play rule Rule 206(4)-5 for advisers, under IAA, S. 206(4). Prohibits IAs…
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