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Purpose and Services
This page was last updated on May 1, 2001. Articles by Fund Democracy: Archives Special Report: Pay-to-Play in America, TheStreet.com (Apr. 26-30, 2001) View the full text: Part 1 Part 2 Part 3 Part 4 Abstract: In August 1999, the SEC proposed to ban pay-to-play, where money managers routinely finance the campaigns of state and local treasurers, who in turn give the money managers contracts to manage billions. Unable to weather petty - but highly-placed - criticism, the rule expired with the Commission's decision that, in deference to President Bush, it would not seek to adopt any controversial rules until a new SEC Chairman was appointed. This four-part series chronicles the pervasiveness of pay-to-play abuses in America, and shows you what you can do to put an end to it. If you are interested in reading Fund more pay-to-play stories, or you would like to do your part to end pay-to-play in America, please visit Fund Democracy's Stop Pay-to-Play Now! page. |