A contribution made to a politician or a political campaign or a political party
A contribution made to a politician or a political campaign or a political party. The SEC, MSRB, and state and local rules mandate that certain covered associates cannot give more than a de minimus amount to a political campaign for to certain government officials and entities. The overall goal is to prevent advisers from using political contributions to gain or retain advisory business from government entities.
Outside business activities (OBAs) and political contributions raise complex regulatory, compliance, and ethical issues for many firms. And with a myriad of rules to comply with, including SEC Rule 206(4)-5 for pay-to-play compliance and FINRA Rule 3270 for OBA compliance, firms must take a proactive approach to monitoring and mitigating risk. And that’s where automation comes in.
Manage and mitigate political contribution risk before it becomes a reality. How? With aggregated data from thousands of public records, so nothing ever slips through the cracks.