Financial trade associations issue joint statement on political contributions rule for investment advisers

Washington, D.C. — AIMA, the American Free Enterprise Chamber of Commerce, American Securities Association, Investment Adviser Association, Investment Company Institute, MFA, Partnership for New York City, SIFMA, and The U.S. Chamber of Commerce issued the following statement in response to the U.S. Securities and Exchange Commission (SEC) proposed rule to rescind the regulatory framework for investment adviser political contributions:

“The SEC’s proposal will level the playing field so all Americans can participate in our democratic process. The wide array of robust federal, state, and local safeguards in place ensure public integrity and make the current rule obsolete. We look forward to working with the SEC on this important proposal.” 

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