Reported 2 months ago
Major Wall Street banks are limiting their employees' ability to donate to the Harris-Walz campaign due to stringent regulations set by the SEC's 'pay-to-play' rule. Financial institutions like Citigroup now require pre-approval for campaign contributions, as even small donations can result in hefty penalties. Critics argue these regulations undermine political participation, while the rules could significantly curtail Wall Street's financial backing for the Democratic ticket.
Source: YAHOO