Financial trade associations issue joint statement on political contributions rule for investment advisers

Washington, D.C. - AIMA, American Free Enterprise Chamber of Commerce, American Securities Association, Investment Adviser Association, Investment Company Institute, MFA, Partnership for New York City, and SIFMA issued the following statement in response to the U.S. Securities and Exchange Commission (SEC) proposed rule to rescind the regulatory framework for investment adviser political contributions:

"The SEC's proposal will level the playing field so all Americans can participate in our democratic process. The wide array of robust federal, state, and local safeguards in place ensure public integrity and make the current rule obsolete. We look forward to working with the SEC on this important proposal."

###

Alternative Investment Management Association (AIMA)
Tom Kehoe
[email protected]

American Free Enterprise Chamber of Commerce
Rob Engstrom
[email protected]
202-258-4661

American Securities Association
Adam Rice
American Securities Association
214-632-8663

Investment Adviser Association
Janay Rickwalder
[email protected]

Investment Company Institute
Stephen Bradford
[email protected]

Managed Funds Association (MFA)
[email protected]

Partnership for New York City
Justin Henry
[email protected]

Securities Industry and Financial Markets Association (SIFMA)
Lindsay Gilbride
[email protected]
202-962-7390