Money Managers Can’t Bribe Their Way Into A Pension Mandate For Now


U.S. District Judge Beryl Howell does not feel like ruling on whether certain legal persons are being denied their constitutional rights to buy a few hundred million dollars in assets under management until John Roberts says they have them. They’ll simply have to hope that the Koch brothers have enough money to make sure that theirs isn’t necessary.

U.S. District Judge Beryl Howell said the court lacked jurisdiction to review the New York and Tennessee Republican parties' challenge to the SEC's "pay-to-play" rule, and that only the U.S. appeals court had authority to hear the case.

U.S. judge dismisses Republican challenge to SEC pay-to-play lawsuit [Reuters]