Which situation would trigger a violation of the SEC Pay-to-Play Rule?
1) An individual who has become a covered associate within the last three months makes a $1,000 contribution to an elected official, whom the individual is also soliciting as an advisory client.
2) An investment adviser makes a contribution of $50.00 to a government elected official responsible for selecting investment advisers.
3) An investment adviser directs its counsel to make a contribution of $50.00 to a government elected official responsible for selecting investment advisers.
4) An investment advisory firm pays another registered investment adviser to solicit government clients on its behalf.