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 […]
Americans for Financial Reform Education Fund (AFREF) sent a letter to the Treasury Department outlining principles, scope, and direction for the department’s development of a financial inclusion strategy. Developing a financial inclusion strategy is long-overdue and a necessary step to understand and begin to address the contributions of inequitable access to financial products and services for […]
Washington, D.C. – The Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission’s (CFTC) expansions to the information collected by private funds over Form PF and Form CPO will provide both the agencies and the Financial Stability Oversight Council (FSOC) with greater visibility and early warning signs into portions of the $21 trillion […]
Americans for Financial Reform today wrote to the House Financial Services Committee’s Subcommittee on National Security, Illicit Finance, and International Financial Institutions urging members to rely on existing authority by the Securities and Exchange Commission (SEC) in order to gain more transparency into the $5 trillion private markets (“exempt offerings” under SEC Rule 144A and […]
FOR IMMEDIATE RELEASE Jan. 31, 2024 CONTACT Carter Dougherty carter@ourfinancialsecurity.org Steward Financial Crisis Demonstrates Private Equity’s Threat to Healthcare The sudden crisis in the Steward hospital system in Massachusetts is a cautionary – and outrageous – tale of how Wall Street’s predatory practices in health The post News Release: Steward Financial Crisis Demonstrates Private Equity’s […]
Americans for Financial Reform Education Fund and Consumer Federation of America, Food & Water Watch, Institute for Agriculture and Trade Policy, and Public Citizen sent a letter sharing their grave concerns with the justification and potentially calamitous precedent contained in the Commodity Futures Trading Commission’s (CFTC’s) proposed rulemaking for the Investment of Customer Funds by […]
View or download a PDF of the brief here The Americans for Financial Reform Education Fund filed an amicus brief in the 5th Circuit supporting the Securities and Exchange Commission’s (SEC) private fund advisers rulemaking that would have provided investors with critical and detailed information The post AFREF Files Amicus Brief in 5th Circuit Supporting […]