Paul Atkins @SECPaulSAtkins - After more than 15 years of the "pay-to-play" rule, it's clear it is overly prescriptive & produces a host of unintended consequences. Matters involving political contributions are more properly governed by local ordinances, state laws, & federal election regulations—not the SEC. Quote: U.S. Securities and Exchange Commission @SECGov TODAY : The SEC proposed to rescind its “pay-to-play” rule that prohibits investment advisers from providing compensated services to a government client for 2 years after making a political contribution to certain elected officials or candidates. https://www.sec.gov/newsroom/press-releases/2026-85-sec-proposes-rescission-political-contribution-rule-investment-advisers https://x.com/SECPaulSAtkins/status/2095617321096057123