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Letters to Regulators: IOSCO Should Explicitly Acknowledge That Environmental and Social Integrity Are Critical Components of the Market Integrity of Carbon Credits

Americans for Financial Reform Education Fund (AFREF) submitted a comment letter on The Board of the International Organization of Securities Commissions (IOSCO)’s Consultation Report outlining a proposed set of Good Practices to promote the integrity and orderly functioning of Voluntary Carbon Markets (VCMs).  IOSCO has

In The News: Commentary: Crisis at Steward Health highlights private equity’s threat to healthcare (The Dorchester Reporter)

“Steward is a prime example of private equity’s business model of extracting short-term profits from entities before selling them off,” said Robert Seifert, senior fellow at Americans for Financial Reform. “In the case of health care, this can leave critical service providers worse off financially, with more money going to Wall Street and less toward long-term viability, hospital staffing, and patient care,” he added.

SEC Building

Letters to the Regulators: Letter Urging The SEC to Repropose the Stock Buybacks Disclosure Rule

Americans for Financial Reform Education Fund (AFREF) led a letter with 13 additional signatories urging the SEC to repropose the stock buybacks disclosure rule to provide investors with information about this widespread yet opaque practice. This important rule was struck down by the Fifth Circuit Court of Appeals following a challenge by the Chamber of Commerce.

News Release: FTC Suit to Block Kroger-Albertsons Merger a Vital Step after Private Equity Looting

Washington, D.C. – The lawsuit to block the merger of Kroger and Albertson, marks a critical step in safeguarding workers, consumers, and competition in the grocery business. This merger between two of the country’s largest grocery chains is bad news for all stakeholders, particularly in light of Albertsons’ $3.7 billion payout to private equity firm Cerberus Capital Management shortly after the merger was announced in 2022.

Letters to the Regulators: Letter in Support of Developing a Financial Inclusion Strategy

Americans for Financial Reform Education Fund (AFREF) sent a letter to the Treasury Department outlining principles, scope, and direction for the department’s development of a financial inclusion strategy.  Developing a financial inclusion strategy is long-overdue and a necessary step to understand and begin to address the contributions of inequitable access to financial products and services for disadvantaged communities to the persistent racial economic inequality in the United States.