- Is employee political contributions compliance still mission critical for regulatory compliance programs in off years? arrow_forward Short answer. Yes. Employee political contributions compliance, otherwise known as pay-to-play compliance, remains a core compliance challenge both in on and off election years. While major elections, like we saw in 2022, draws in more excitement and awareness, your employees are likely contributing to their political parties’ years round, every year.
- Preparing for 2023 SEC exams focused on political contribution monitoring arrow_forward We may just be wrapping up the final run-up elections for the 2022 midterm year, but for financial advisory firms subject to pay-to-play regulations such as the Securities and Exchange Commission (SEC) Rule 206(4)-5, the regulatory ramifications are just getting started. As was made obvious in 2022 with the SEC’s fines and penalties reaching a recording breaking $6.4 billion, the Division of Examinations is making strides to ensure firms are regarding rules, regulations and penalties with the necessary level of consideration.
- Learnings from the midterm election: Why political contributions compliance is more critical than ever arrow_forward Did you know? Funding for the 2022 midterm elections reached a whopping $9.3 billion. A number which, for those of you keeping track, surpasses the 2018 election by $2 billion.
- Trends in the political contribution compliance space: how to navigate FINRA and SEC pay-to-play rules in 2023 arrow_forward Pay-to-play rules and regulations, including the well-known Financial Industry Regulatory Authority (FINRA) and Securities and Exchange Commission (SEC) pay-to-play-rules, have become a focal point for compliance teams navigating the midterm elections in 2022. However, even in off years, or years with no major elections, for those firms who rely heavily on government contracted work, political contribution compliance can’t just turn off.
- Six features your PCV platform should include to comply with SEC political contributions compliance requirements arrow_forward Ensure employees aren’t putting your firm at risk of reputational damage or costly violations by integrating a political contribution compliance platform into your tech stack.
- Illuminating our path forward: illumis, inc. is now a COMPLY company arrow_forward The news is out! illumis, inc. is now a COMPLY company! We’re incredibly excited about the new opportunities and benefits, this brings for you, our customers, and our organization.
- What you need to know about the major federal pay-to-play regulations and the future of local regulations arrow_forward Pay-to-play regulations (and associated risk) doesn’t simply turn off during the off-election years.
- Pay-to-play compliance: Top five takeaways from the political contribution risks webinar arrow_forward Fact: political contributions are on the rise.
- Pay-to-play rules in 2022: five risk areas that your firm cannot afford to overlook arrow_forward Political activism is at an all time high. And with it? The pay-to-play risk for financial firms who rely on government contracted work. As the number of state and local pay-to-play rules increase, so do the number of stipulations compounding the complexity for firms potentially already struggling with the risk of violation. Not only do firms have to worry about complying with commonly known federal regulations like the SEC and FINRA pay-to-play rules, but also additional, specific state or local rules.
- Pay-to-Play Compliance: Off Years Still See Increase in Political Contributions arrow_forward Early last year, we published a blog citing multiple statistics on the rapid influx in political contributions, specifically showcasing an increase on the federal level – unsurprising, given that 2020 was a presidential election year.
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