BRIEF-SEC says private equity firm TL Ventures settles charges in first investment adviser pay-to-play case

June 20 Fri Jun 20, 2014 10:29am EDT

June 20 (Reuters) - * SEC says charges private equity firm tl ventures inc with pay-to-play

violations involving political campaign contributions in Pennsylvania * SEC says tl ventures agrees to pay nearly $300,000 to settle, without

admitting or denying the charges * SEC says the case is its first under pay-to-play rules for investment

advisers, which were adopted in 2010 * SEC says tl ventures received compensation from two Pennsylvania public

pension funds within two years after an associate contributed to

Pennsylvania's governor and a Philadelphia mayoral candidate

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