SEC Fines Private Equity Firm Over Political Donations

The Security and Exchange Commission (SEC) settled charges with a Pennsylvania private equity firm for violating “pay-to-play” rules that prohibits investment advisors from giving campaign contributions within two years of doing business with city and state pension funds. The move by the SEC comes on the heels of a new study being released that concludes political connections and campaign contributions influence SEC enforcement actions. SEC announce settlement with TL Ventures The SEC today announced that Philadelphia-area investment advisor TL Ventures agreed to settle the charges by paying $300,000. An associate of the firm made a $2,500 campaign contribution to a…