SEC Posts Pay To Play Staff Guidance Online

The staff of the Division of Investment Management at the Securities & Exchange Commission ("SEC") is now providing responses to questions posed in relation to its recently adopted pay to play Rule 206(4)-5 under the Investment Advisers Act of 1940. The last update was provided on April 28, 2011, so I would anticipate additional responses being provided in the near future.

Link Here: http://www.sec.gov/divisions/investment/pay-to-play-faq.htm