In addition to the requirements applicable to marketing in general, fund managers face a significant additional layer of federal, state and local requirements when marketing their funds to public pension plans. Beyond issues related to political contributions, fund managers need to be mindful about gift and entertainment rules and also various lobbying laws that can be implicated. Further, fund managers need to be mindful of the role of placement agents acting improperly on their behalf, including the risk they may not be appropriately registered. This two-part series summarizing a seminar presented by the Regulatory Compliance Association delves into the panoply of issues and considerations that arise when a fund manager markets to public pension plans. The first article discusses municipal advisor registration; political contributions; and gifts and entertainment. The second article examines honest services fraud; the use of solicitors and placement agents; lobbyist registration; and disclosure, recordkeeping and other requirements that apply when doing business with public pension plans. For other issues related to public pension plans, see “What Fund Managers Should Know About the Anti‑ESG Movement Targeting State Pension Plans” (Oct. 4, 2022).