A proposal from the SEC has been reported, concerning rules for investment advisers. The rules in question are referred to as 'pay-to-play' rules.

Further information on this proposal is available from the Galveston County Daily News, which cites a Reuters report. The report was published on August 14 and is attributed to Pritam Biswas.

Details of the proposed changes to the 'pay-to-play' rules are not provided here, but readers can refer to the original source for more information on the SEC's proposal and its potential implications for investment advisers.