We need to change the rules so that the needs of workers, customers, communities, and the planet are a part of the equation.
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Updates
Led by Texas AG, Red States Lock in Another Win for Corporate Insiders
The move shifts power from large asset managers to corporate insiders By: Natalia Renta Vanguard settled a lawsuit Texas and ten other red states brought alleging the largest asset managers in the world undermined the coal industry in violation of antitrust laws. Even though many legal experts have criticized these types of arguments, Vanguard caved,
AFR in the News
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Congresswoman Ayanna Pressley: Pressley Unveils Legislation to Mandate Disclosures to Hold Big Banks Accountable, Demands SEC Require Reports in Interest of Investors
The GSIB Act is endorsed by Americans for Financial Reform, Public Citizen, National Community Reinvestment Coalition, Rise Economy, Fair Finance Watch, and Action Center on Race and the Economy.
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Washington Monthly: The Main Beneficiaries of Trump’s Pardons? White-Collar Criminals Like Him
The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) dropped several cryptocurrency cases. As noted by Americans for Financial Reform, some of the cases were aborted after suspects invested in the Trump family crypto business.
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The Walrus: Elon Musk Could Soon Be the World’s First Trillionaire
The New York Times nabbed a quote from a director at Americans for Financial Reform that decried the vast discrepancy between Musk’s compensation package and the median compensation at Tesla—roughly $57,000 (US) per year.
