The Securities and Exchange Commission should create new disclosure requirements that would allow investors to analyze how companies are acting to protect workers, prevent the spread of the virus that causes COVID-19, and responsibly use any federal aid they receive, according to a letter signed by more than 98 investors, state treasurers, public interest groups, labor unions, asset managers and securities law experts.
AFR Education Fund sent the letter below to the Securities and Exchange Commission opposing changes to rules governing how corporations can raise investment capital. These rules would make it easier for companies to raise capital without doing basic disclosures about their business or following other
Note: On the afternoon this letter was sent the Federal Reserve announced it would be providing additional transparency in 13(3) facilities. See our comment linked here for earlier AFR Edcucation Fund communications with the Federal Reserve on this issue. Download a pdf of the letter