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Articles tagged with: investor protection

Joint Statement: Consumer Advocates Blast DOL Attempt to Kill Fiduciary Rule
November 27, 2017 – 5:49 pm

“The Trump Administration’s actions prove that it is far less interested in protecting investors from the harmful effects of conflicts of interest than it is in catering to Wall Street interests… By stripping out the rule’s private enforcement mechanism, and by stating that the Department won’t enforce the rule, the DOL has rendered the rule toothless.”

Joint Event: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street
November 17, 2017 – 10:58 am

At a Nov. 16 forum co-hosted by AFR and the AFL-CIO, Sheelah Kolhatkar, author of the New York Times bestseller “Black Edge,” discusses the rise of a powerful new class of billionaire financiers who have used their vast reserves of concentrated wealth to rewrite the rules of capitalism and public policy.

Letter to Congress: AFR Opposes A Dozen Deregulatory Bills in House Financial Services Committee Markup
November 14, 2017 – 7:55 am

AFR sent a letter opposing a dozen different deregulatory bills being marked up by the House Financial Services Committee.
AFR Letter Re HFSC 11-14 Markup

Letter to Congress: Protect Investors and Reject HR 1585
November 1, 2017 – 1:55 pm

AFR sent an opposition letter to HR 1585 when it was being considered on the House floor.
AFR HR 1585 Opposition Letter

Letter to Congress: AFR Urges House Financial Services Committee To Reject 19 Deregulatory Bills
October 11, 2017 – 1:34 pm

AFR sent the letter below to the House Financial Services Committee urging them to reject nineteen deregulatory bills.
AFR Letter Re HFSC 10-11 Markup

AFR in the News: The Great Escape: How Credit Raters Ducked Reform (Bloomberg)
August 2, 2017 – 4:20 pm

“The issuer-pays model remains an incentive for raters to go easy on clients, says Marcus Stanley, policy director at Americans for Financial Reform… ‘As long as ratings agencies are both central to securities markets and face incentives to inflate ratings and mislead investors, they pose a risk to the financial system…'”

Letter to Congress: AFR and 22 Organizations Oppose Jay Clayton for SEC Chair
April 5, 2017 – 10:48 am

AFR joins 22 organizations in letter urging members of the Senate Banking Committee to oppose the nomination of Walter Joseph ‘Jay’ Clayton to serve as Chair of the Securities and Exchange Commission.

“Take on Wall Street” Statement: Wall Street Watchdogs Blast Banking Committee majority for approving Clayton to Head SEC
April 4, 2017 – 11:52 am

“Jay Clayton’s entire career of representing major Wall Street banks, advancing their interests at the expense of the public, helping them avoid accountability, stands in contradiction to the very mission of the agency he has been nominated to lead… Those who voted in favor of his appointment — both Democrats and Republicans –will have some explaining to do to constituents who are sick and tired of letting Wall Street continue rig the economy so all of the gains go to those at the very top.”