In an article published on Jan. 18, 2017 by FundFire, Tom Potter offers insight to the set of settlements made by Bill Ackman's hedge fund Pershing Square Capital Management and nine other asset managers for Securities and Exchange Commission (SEC) pay-to-play violation claims. Potter told the publication, "This set of settlements is likely just a first round intended to send a message to asset managers about the SEC's intent to enforce the rule." He emphasizes, "Asset managers will need to make sure they are in compliance either by ensuring that their employees do not donate to particular political candidates or by forgoing money from certain funds when they do."

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