Washington, D.C. – New investor protections announced today by the Securities and Exchange Commission (SEC) have the potential to curb widespread practices that have allowed Wall Street’s $25 trillion private fund industry to harvest tens of billions in fees at the expense of public pensions, retirees, and other savers – all to the advantage of some of the richest people in the world.
News Release: SEC Brings Much-Needed, Long-Overdue Transparency to Stock Buybacks, But Falls Short of Initial Proposal’s Promise
The Securities and Exchange Commission (SEC) today finalized a plan to bring long-overdue transparency to the practice of companies buying back their own stock. However, the final rule weakened key aspects of the initial proposal.
Washington, D.C.— The Securities and Exchange Commission’s proposal to prohibit conflicts of interest in securitizations, though a long time coming, will finally address the problem of Wall Street arranging bets in which financial institutions effectively rip off their own clients.
Letters to Regulators: The Inflation Reduction Act Bolsters the Case for SEC’s Climate Disclosure Rule
AFREF submitted a supplemental comment to Securities and Exchange Commission (SEC) highlighting market reactions to the passage of the Inflation Reduction Act (IRA). December 1, 2022 Dear Ms. Countryman: This letter is a supplement to prior comments submitted by Americans for Financial Reform Education Fund
Congressional Testimony: AFR’s Moonyoung Ko Testifies to Senate Democrats on Need for Strong Final Climate Disclosure Rule from the SEC
At a hearing in front of the Senate Climate Change Task Force Committee, Moonyoung Ko, Climate Finance Campaign Manager at AFR, spoke to Senate Democrats on the need for these climate-related financial disclosures for all investors including retail investors and those who trust in others
AFREF submitted and joined coalition comment letters in response to the Securities and Exchange Commission (SEC)’s proposed rule on climate disclosure. The coalition letters focused on Environmental Justice, Community Impacts, and Indigenous rights.
Washington, D.C. – The Securities and Exchange Commission has appointed Andrew Park, senior policy analyst at Americans for Financial Reform, to its Investor Advisory Committee, where he will serve a 4-year term providing expertise to the agency on a wide range of issues.
WASHINGTON, D.C. — Proposals by the Securities and Exchange Commission to prevent misleading use of labels on funds that weigh environmental, social and governance factors and to require critical disclosures about these funds’ strategies are a welcome step toward protecting investors who choose these types of investments.
Petition to the SEC: 16k Petitioners Urge SEC to Require Climate Risk and Carbon Emissions Disclosure
Americans for Financial Reform delivered 16,658 petition signatures calling on the Securities and Exchange Commission (SEC) to make it mandatory for large companies and banks to disclose their total greenhouse gas emissions, including financed emissions, to investors and the public.
AFREF and five other organizations wrote a letter today to the Securities and Exchange Commission urging the Commission to review the exponential growth of digital assets, including “stablecoins”, and how their activities should be subject to the securities laws that exist to protect investors.