Pay-to-Play Page

Stop Pay-to-Play Now

Support the SEC
Pay-to-Play Rule

See Fund Democracy's Special Report on Pay-to-Play in America, TheStreet.com (Apr. 26-30, 2001)

In 1999, the SEC proposed to prohibit money managers from making campaign contributions to officials who can influence the awarding of contracts to manage public money.

The rule is critical to protect the retirement assets of millions of our nation's schoolteachers, fire fighters, police officers and other public servants whose retirement accounts are being invested by money managers who qualify for the job by financing the political campaigns of public pension fund officials.

For more information about pay-to-play abuses and the SEC's proposal, see Fund Democracy's four part, pay-to-play series in TheStreet.com (Part 1, Part 2, Part 3, Part 4), the SEC release discussing the proposal, or the text of the proposed rule.

For abstracts of articles describing pay-to-play practices, see the state-by-state pay-to-play files at the top of this page.

To express your support for a ban on pay-to-play, please write to:

The Honorable Harvey L. Pitt
U.S. Securites and Exchange Commision
450 Fifth Street, NW
Washington, DC 20549
(print pre-written letter; write and send e-mail)
(Pitt, a Republican, is the Chairman of the SEC)
The Honorable Paul S. Sarbanes
United States Senate
370 Russell Senate Office Building
Washington, DC 20510-4302
(print pre-written letter; write and send e-mail)
(Sarbanes, a Democratic Senator from Maryland, is the Chairman of the Senate Banking Committee)

The Honorable Michael G. Oxley
United States House of Representatives
2233 Rayburn House Office Building
Washington, D.C. 20515
(print pre-written letter; write and send e-mail)
(Oxley, a Republican Congressman from Ohio's Fourth District, is the Chairman of the House Financial Services Committee)

Top