AFREF joined Consumer Federation of America and Better Markets in a comment letter in response to FINRA’s request for comment on complex products calling for protections that extend beyond greater disclosures for retail investors who are vulnerable to losing significant amount of money unexpectedly on a number of complex and risky products.
AFREF sent a comment to the Securities and Exchange Commission supporting the agency’s proposal to expand position disclosure requirements (via Form PF) for both hedge funds and private equity funds. Many of the disclosure exemptions were formed when both types of funds were fractions of the size they are today and would give the SEC and by extension, the Financial Stability Oversight Council (FSOC) critical information to prevent the uncertainty and threats to financial stability that we saw with Long Term Capital Management in 1999 as well as the financial crises of 2008 and March 2020.
Letter from 84 organizations raising concerns about the CFPB’s time-barred debt collection disclosure proposal.
Detailed and timely data disclosures are required to ensure Coronavirus-related expenditures and benefits are being delivered to the public as Congress intended.
Americans for Financial Reform sent a letter to members of the House Committee on Financial Services urging them to reject two bills in today’s markup.
AFR commented on the roll back of transparency disclosures to investors in the SEC proposed rule “Investment Company Liquidity Disclosures.”