Does Citizens United ruling spell the end for pay-to-play laws? Attorneys disagree
The recent Supreme Court decision makes pay-to-play regulations unconstitutional — or at least, that's the take of one securities attorney. Others don't see it that way.
The recent Supreme Court decision in the Citizens United case makes pay-to-play regulations unconstitutional. Or at least, that's the opinion of securities attorney Hardy Callcott, a partner at Bingham McCutchen LLP and former general counsel at Charles Schwab & Co. Inc.
The court's ruling Jan. 21
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