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It's Time To Fix The SEC's Pay-To-Play Rule

By Benjamin Neaderland and Thomas Bredar ( March 17, 2025, 5:07 PM EDT) -- Nearly 15 years after the U.S. Securities and Exchange Commission's adoption of the Investment Advisers Act, Rule 206(4)-5 — the pay-to-play rule — it may be time for a fresh look and some modifications....

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