Americans for Financial Reform Education Fund wrote a comment supporting the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) proposals to require additional anti-money laundering and countering of financial terrorism (CFT) requirements for Registered Investment Advisers (RIA). We also encourage FinCEN to jointly propose rulemaking with the Securities and Exchange Commission (SEC) to require the […]
AFREF and 18 additional signatories wrote to the SEC in support of bringing much-needed disclosures to the vast market of ESG-designated products and services. The letter urges the SEC to finalize the rule titled “Enhanced Disclosures by Certain Investment Advisers and Investment Companies about Environmental, Social, and Governance Investment Practices” as soon as possible and […]
Americans for Financial Reform, together with Better Markets, welcomed Anat Admati, Professor of Finance and Economics at the Stanford School of Business, together with esteemed panelist, Assistant Professor of Business Law at Michigan Ross, Jeremy Kress, to discuss the recent update to Anat’s co-authored book, The Bankers’ New Clothes: What’s Wrong with Banking and What […]
AFR joins a sign-on letter urging the Biden Administration to end billions of dollars in overpayments to insurance companies and financial institutions. These wasteful overpayments are causing significant challenges for Medicare’s financial sustainability. The fixes that CMS can and should undertake will help level the playing field between traditional Medicare and Medicare Advantage, promote health […]
Wall Street private equity firms have grown from $1 trillion in 2008 to nearly $4.5 trillion today, exerting enormous influence in critical sectors of the economy. Private equity landlords have led the way in corporate landlords displacing tenants by neglecting properties while raising fees and rents. Private equity ownership in healthcare has led to the […]
This webinar examines the widespread harm that all businesses and investors would suddenly face if the Securities and Exchange Commission’s broadly accepted requirements for truthful disclosures and rules protecting investors suddenly come into question if the courts serve the SEC with an adverse ruling on a number of ongoing legal cases. In particular, the webinar […]
AFREF led a sign-on letter in opposition to H.R. 2799, the Expanding Access to Capital Act of 2024, along with the 10 undersigned organizations. Fundamentally, H.R. 2799 weakens regulation of both the public markets and the private markets, making it a bad deal for investors of all types, and a boon to issuers interested in […]
Reparations: How to Fund Them & Avoid a Wall Street Takeover is a fireside chat with Jeremy Bearer-Friend (George Washington University Law) and Alvin Velazquez (SEIU) moderated by Ericka Taylor (Take On Wall Street and Americans for Financial Reform). Bearer-Friend authored a novel proposal for how to pay for reparations. His approach proposes capitalizing a multi-trillion dollar reparations fund with corporate equity in lieu of cash payments.
Join us as Taylor lays out the case for reparations and the current landscape, then learn more about Bearer-Friend’s proposal, followed by Velazquez sharing lessons learned from labor unions’ pension funds experience. Their conversation will then center around how to actually design the governance of the proposed reparations fund to maximize its benefits to its intended beneficiaries and prevent the fund from being co-opted by the financial industry to further its own interests.
The live webinar took place on Thursday, March 7th, 2024
Americans for Financial Reform Education Fund (AFREF) led a letter with 13 additional signatories urging the SEC to repropose the stock buybacks disclosure rule to provide investors with information about this widespread yet opaque practice. This important rule was struck down by the Fifth Circuit Court of Appeals following a challenge by the Chamber of Commerce. The post […]
Americans for Financial Reform Education Fund (AFREF) led a letter with 16 additional signatories urging the SEC to propose a rule requiring public companies to make human capital management disclosures as soon as possible. Investors are in desperate need of consistent, comparable, and decision-useful workforce information. The post Letters to the Regulators: Letter Urging The […]