Vice President Kamala Harris’ selection of Minnesota Gov. Tim Walz as her running mate could boost the Democratic ticket’s Midwest appeal but it might slow donations from Wall Street.
Financial advisers who contribute to the Harris-Walz campaign could risk violating securities laws that limit the amount they can give to a candidate for office who has influence over state or local investment funds.
As governor, Walz chairs Minnesota’s State Board of Investment, which monitors and evaluates state investment programs. Among its duties is selecting financial firms and consultants to advise state funds.
