WASHINGTON (AP) — A federal appeals court has thrown out a lawsuit brought by Republican Party officials in two states challenging a federal rule that restricts campaign contributions of investment advisers.
The U.S. Court of Appeals for the District of Columbia Circuit said party officials in New York and Tennessee had missed a 60-day deadline for contesting the rule approved by the Securities and Exchange Commission in 2010.
The so-called pay-to-play rule requires investment advisers to wait two years before offering services to government clients if they contribute to the campaign of an official with power to influence the adviser’s hiring.
GOP officials argued that the rule restricts First Amendment free-speech rights.
A federal district court had previously tossed out the lawsuit, saying it had to be filed in the appeals court.
- Posted August 31, 2015
- Tweet This | Share on Facebook
Court rejects challenge to 'pay-to-play' rule
headlines Macomb
- Dual artistry: Lawyer’s creativity spans worlds of art and fintech and art
- Rx Kids expands to all expectant mothers and families in the cities of Mount Clemens and Center Line
- MDHHS recommends early measles vaccine doses in areas of the state with possible community transmission
- Redford man arraigned after alleged plan to meet minor for sex at the Warren Public Library
- Chesterfield Township man arraigned after allegedly hitting girlfriend’s brother on head with weightlifting bar
headlines National
- Judge grants stay in February 2025 California bar examinees’ case against ProctorU
- Blake Lively’s sexual harassment claims against Justin Baldoni face legal setback
- TikTok creator sued by immigration firm, accused of making defamatory comments online
- 15 attorney killings remain unsolved, Baja California Bar Association says
- ABA amicus brief supports law firms targeted by executive orders
- Legal services provider 8am and NFL’s Tampa Bay Buccaneers announce partnership
