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PACs State and Local Government New Rules

Skadden, Arps, Slate, Meagher & Flom LLP

SEC Penalizes Adviser in New Rule 206(4)-5 Proceeding

On April 15, 2024, the U.S. Securities and Exchange Commission (SEC) censured and imposed a $60,000 civil penalty on Wayzata Investment Partners LLC (Wayzata) for violating SEC Rule 206(4)-5 (the Pay-to-Play Rule). Under the...more

Skadden, Arps, Slate, Meagher & Flom LLP

New York Governor Signs Bill Closing ‘LLC Loophole’

On January 24, 2019, New York Gov. Andrew Cuomo signed a bill closing the “LLC loophole,” as discussed in our January 22, 2019 mailing....more

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