Why The SEC Proposed Rescinding Its 'Pay-To-Play' Rule

By Justin Browder, Adam Aderton and Adam Lovell ( October 16, 2026, 2:47 PM EDT) -- On Sept. 3, following years of industry advocacy and commissioner criticism, the U.S. Securities and Exchange Commission proposed rescinding Rule 206(4)-5 under the Investment Advisers Act, commonly known as the pay-to-play rule.[1]...

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login