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Joint Letter: Public Interest Groups Urge Financial Industry Leaders to Call a Halt to Anti-Investor Tactics of Trade Associations Seeking to Overturn DOL Protections for Retirement Savers
February 9, 2017 – 4:43 pm

“Financial services companies that support giving retirement investors investment advice that is in their best interests should stand up against the aggressive anti-investor lobbying tactics of their trade associations seeking to overturn the Department of Labor’s (DOL) conflict of interest rule, according to three national organizations that have supported DOL efforts to strengthen protections for retirement savers.”

Letter to Congress: Oppose HR 78 The SEC Regulatory Accountability Act
January 18, 2017 – 6:26 pm

“This legislation is transparently an effort to paralyze the SEC and to empower Wall Street lawyers to overturn its decisions, not to improve its analysis or decision making. …The most prominent new requirement would mandate that the SEC identify every “available alternative” to a proposed regulation or agency action and quantitatively measure the costs and benefits of each such alternative prior to taking action. …In addition to the enormous task of identifying and analyzing every available alternative to a course of action, the agency would be required to perform half a dozen new analyses in addition to its current requirements concerning market efficiency, competition, and capital formation. These new requirements include analyses of effects on small business, market liquidity, state and local government, investor choice, and “market participants”. Notably, no new requirements concerning the protection of investors or preventing another financial crash are included. …We urge you to reject it.”

AFR Testimony: Testimony to SEC Investor Advisory Committee Hearing
December 9, 2016 – 4:17 pm

In the new political environment, it is likely that there will be a heavy emphasis on the capital formation mission of the SEC. The IAC should play a critical role in reminding the Commission that investor protection is crucial to stable and effective capital formation. …Improving financial entity disclosures is crucial if we are to improve market discipline for large financial entities and investor discipline for funds.

Joint Letter: AFR and AFL-CIO Oppose Weakening of Corporate Disclosures
November 7, 2016 – 12:16 pm

AFR joined with the AFL-CIO in calling on the Securities and Exchange Commission to revise its proposed rule so that “any changes to the Commission’s disclosure rules do not narrow the scope of information that is provided to investors.”

AFR in the News: SEC Rule to Limit Derivatives Alarms Industry With Liquidity Concerns (Morning Consult)
September 2, 2016 – 2:10 pm

“A Securities and Exchange Commission proposal to place caps on registered investment firms’ exposures to derivatives is showing the hallmarks of a classic Washington battle — the industry is trying to tamp down advocacy groups’ requests for broad regulations. Although the SEC hasn’t announced its plans, lobbyists who have been watching the derivatives rule expect the agency to move forward in the coming months. Watchdog groups like Better Markets and Americans for Financial Reform have championed the proposal…”

Letter to Regulators: SEC Should Investigate Potential Unregistered Broker-Dealer Activity at Private Equity Firms
August 2, 2016 – 4:04 pm

AFR wrote to the SEC to urge them to vigorously investigate what appear to be ongoing, widespread violations of securities law by private equity advisers.

Press Release: Over 80,000 Petitioners Demand SEC Action on Toxic Swap Deals
July 7, 2016 – 12:08 pm
Press Release: Over 80,000 Petitioners Demand SEC Action on Toxic Swap Deals

Chicago leaders and national organizations joined together to deliver a petition in which over 80,000 Americans asked the SEC to investigate the toxic swap deals squeezing cities and states across the country.

AFR Statement: SEC Should Call Big Banks to Account for Unfair Dealings with Municipalities
January 19, 2016 – 1:14 pm

“It is disappointing that the Commission has not already taken such steps. But a call from the people and the State of Illinois could and should spur the SEC to action to recover for the public big-bank gains that resulted from violations of their obligations to do business in a fair and transparent way with these public-sector clients. “