SEC Banning FAs from Contributing Cash to Political Campaigns?

John Crudele, a columnist at the New York Post, has a strong column today. In his column, he points out that financial advisors may be barred by the SEC from contributing to political campaings ---- except for miniscule amounts.

Credule writes today: "Under the SEC rule that is just now going into effect, anyone registered as an investment adviser can contribute only $250 to an election in which he or she can vote; only $150 to any other election. The penalty is a two-year ban from working in the area where the violation occurred."