Protect Investors: Restore Provisions Weakened in the Senate Counter-Offer Dear Conferee: Yesterday, Senate conferees approved a counter-offer on broker-dealer fiduciary duty that offers the illusion of investor protection, but not the reality. Senate conferees also approved a sweeping preemption of securities regulation that not only
Chairwoman Blanche Lincoln 328A Russell Building Washington, DC 20510 Ranking Member Saxby Chambliss 328A Russell Building Washington, DC 20510 Chairman Collin Peterson 1301 Longworth House Office Building Washington, DC 20510 Ranking Member Frank Lucas 1305 Longworth House Office Building Washington, DC 20510 Dear Members: On
United States Senate Washington, DC 20510 Dear Senator, We write on behalf of the over 250 member organizations of Americans for Financial Reform to urge a yes vote on the Reed-Johnson-Brown amendment offered to Restoring American Financial Stability Act of 2010 (S. 3217). As you
Protect Investors from Wall Street Abuses: Make Brokers and Swaps Dealers Act in Their Customers’ Best Interests Click here for a pdf version of this letter. The recent hearing in the Permanent Subcommittee on Investigations on Goldman Sachs has awakened many people to the extent
April 30, 2010 United States Senate Washington, DC 20510 Dear Senator: Americans for Financial Reform is a coalition of more than 250 consumer, employee, investor, community, labor and civil rights groups. Consumer Federation of America is a non-profit association of more than 280 groups that,
As the Senate moves closer to consideration of financial regulatory reform legislation, Sen. Akaka and Sen. Menendez have announced their intention to offer an amendment to restore the bill’s most important provision to protect average, retail investors – the provision holding brokers to a fiduciary