Letter to Congress: Protect Investors and Reject HR 1585
AFR sent an opposition letter to HR 1585 when it was being considered on the House floor. AFR HR 1585 Opposition Letter
Tag Archives: investor protection
Letter to Congress: AFR Urges House Financial Services Committee To Reject 19 Deregulatory Bills
AFR sent the letter below to the House Financial Services Committee urging them to reject nineteen deregulatory bills. AFR Letter Re HFSC 10-11 Markup
AFR in the News: The Great Escape: How Credit Raters Ducked Reform (Bloomberg)
“The issuer-pays model remains an incentive for raters to go easy on clients, says Marcus Stanley, policy director at Americans for Financial Reform… ‘As long as ratings agencies are both central to securities markets and face incentives to inflate ratings and mislead investors, they pose a risk to the financial system…'”
Letter to Congress: AFR and 22 Organizations Oppose Jay Clayton for SEC Chair
AFR joins 22 organizations in letter urging members of the Senate Banking Committee to oppose the nomination of Walter Joseph ‘Jay’ Clayton to serve as Chair of the Securities and Exchange Commission.
“Take on Wall Street” Statement: Wall Street Watchdogs Blast Banking Committee majority for approving Clayton to Head SEC
“Jay Clayton’s entire career of representing major Wall Street banks, advancing their interests at the expense of the public, helping them avoid accountability, stands in contradiction to the very mission of the agency he has been nominated to lead… Those who voted in favor of his appointment — both Democrats and Republicans –will have some explaining to do to constituents who are sick and tired of letting Wall Street continue rig the economy so all of the gains go to those at the very top.”
AFR/CFA Report: Brokers and Insurers Say One Thing in Ads, Another Thing in Contracts
“Twenty-five top U.S. brokerage firms and insurance companies present their employees as trusted financial advisors putting client interests first even as their lobbyists argue in court that they are nothing more than commission-driven salespeople, according to a major new report from the Consumer Federation of America (CFA) and Americans for Financial Reform (AFR). The report also dissects how brokerage firms and insurance companies are systematically misleading unwary consumers.”
AFR Testimony: Testimony to SEC Investor Advisory Committee Hearing
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.
Letter to Congress: AFR, 5 Orgs Urge Congress to Reject The Investment Advisers Modernization Act
AFR and 5 other organizations urge Congress to reject HR 5424, a dangerous bill that would allow private funds to evade SEC examinations, and to distribute misleading and even fraudulent advertising materials.