Investor Groups Urge Congress to Protect Accounting Standard Setting Process
CFA joined with Council of Institutional Investors in writing a letter to Congressional leaders urging them to resist efforts to undermine the independence of the Financial Accounting Standards Board...
View ArticleMSRB Flouts Congressional Intent to Insure Independence of Public Board Members
A broad coalition of investor groups, led by Americans for Financial Reform Education Fund and joined by CFA, called out the Municipal Securities Rulemaking Board for the prevalence of Wall Street ties...
View ArticleSEC’s Ideologically Driven Proposal to “Harmonize” Offering Exemptions...
The Securities and Exchange Commission has proposed sweeping changes to the regulatory framework for exempt securities offerings. CFA submitted a comment letter urging the Commission to withdraw its...
View ArticleDOL Urged to Provide Reasonable Opportunity for Comment on Anti-Investor...
Washington, D.C. – The Department of Labor has provided an unreasonably short, 30-day comment period for its regulatory proposal to allow increased conflicts of interest in retirement investment...
View ArticleCFA Urges No Vote on Huizenga Amendment to FSGG Appropriations Bill
As the Financial Services and General Government appropriations bill went to the House floor for a vote, CFA wrote to members of the House urging them to vote no on an amendment from Rep. Bill Huizenga...
View ArticlePrivate Equity Firms Must not be Permitted to Drain Main Street Lending...
CFA was among 17 public interest groups that wrote to top Federal Reserve System officials urging them to ensure that private equity firms are not permitted to drain funds intended for Main Street...
View ArticleCaution: Slippery Slope, How Delaware Supreme Court’s Blue Apron Decision...
This white paper analyzes how the Delaware Supreme Court’s decision in Salzberg v. Sciabacucchi (commonly referred to as “Blue Apron”) could open the door to broad new restrictions on shareholder...
View ArticleCFA White Paper Details Potentially Harmful Impact on Investor Protection of...
Washington, D.C. — A decision by the Delaware Supreme Court earlier this year could open the door to broad new restrictions on shareholder lawsuits, with harmful implications for both investor...
View ArticleSEC Approves Radical Deregulatory Private Offering Rules That Will Put...
Washington, D.C. — The Securities and Exchange Commission (SEC) approved a package of deregulatory rule changes on a 3-2 vote earlier today, dramatically expanding the ability of companies to raise...
View ArticleCoalition Warns Against Securities Reg Rollbacks in Stimulus Legislation
As Congress takes up critically important COVID-relief/stimulus legislation, a coalition of state securities regulators, investor advocates, and leading securities law professors wrote to President...
View ArticleAFR and CFA Urge Congress to Address Risks to Investors from SPAC Mania
The recent dramatic rise in Special Purpose Acquisition Companies (SPACs) has raised serious investor protection concerns, Americans for Financial Reform and CFA warned in a letter to members of the...
View ArticleCFA Urges Confirmation of Gary Gensler as SEC Chair
CFA wrote to members of the Senate Banking Committee urging support for Gary Gensler, President Biden’s nominee to chair the Securities and Exchange Commission. “Mr. Gensler combines a Wall Street...
View ArticleGroups Urge DOL to Reopen Retirement Plan Disclosure Rule
CFA joined with 18 other consumer and labor organizations in urging the Department of Labor to rescind a Trump-era rule that “makes it much harder for ordinary Americans to get the information needed...
View ArticleInvestor Protection at Risk in Supreme Court Decision, Groups Warn
More than three dozen organizations and individuals issued a public statement highlighting the importance to investor protection and market integrity of a securities fraud class action lawsuit pending...
View ArticleThree Dozen Major Groups & Individuals Caution U.S. Supreme Court Against...
Washington, D.C. — New concerns are being expressed today by a wide- ranging group of organizations and experts who are urging the U.S. Supreme Court to uphold the rights and protection of investors...
View ArticleCFA Urges Chairman Gensler to Act Quickly to Fix SEC’s Advice Standards
In keeping with a 20-year tradition, CFA Director of Investor Protection Barbara Roper greeted newly confirmed SEC Chairman Gary Gensler with a letter urging him to act quickly and boldly to strengthen...
View ArticleAudit Oversight Board in Urgent Need of Reform
A diverse group of individuals who formerly served on the Investor Advisory Group to the Public Company Accounting Oversight Board wrote to newly sworn in Securities and Exchange Commission Chairman...
View ArticleGroups Outline Next Steps for DOL to Strengthen Advice Rules
A diverse group of 30 organizations and 10 individuals submitted a letter to the Department of Labor (DOL) outlining additional steps the Department should take to strengthen the rules governing...
View ArticleDOL Urged to Rethink Policy on Private Equity in Retirement Plan Investments
More than two dozen organizations and individuals wrote to the Department of Labor urging the department to rethink its approach to funds with private equity exposure on retirement plan menus. Last...
View ArticleSEC Urged to Repair Broken Financial Reporting Infrastructure
More than 30 individuals and organizations – including former SEC officials, investor advocates, asset managers, and academics – wrote to Securities and Exchange Commission (SEC) Chair Gary Gensler...
View ArticleCFA Supports SEC Rulemaking to Require Improved Climate Change Disclosures
CFA filed a comment letter with the Securities and Exchange Commission in which it applauded the agency “for finally taking steps toward mandating disclosures regarding climate change and other...
View ArticleAfter 35 Years at CFA, Barbara Roper Moves on To SEC
Washington, D.C. – CFA’s Executive Director, Jack Gillis, announced that CFA’s long-standing Director of Investor Protection, Barbara Roper has left the Federation for a critically important position...
View ArticleSEC Urged to Review Certain Digital Assets for Compliance with Securities Laws
On Monday, September 20, CFA joined a group of investor protection advocates in sending a letter to Securities and Exchange Commission Chair Gary Gensler to urgently “review certain digital assets and...
View ArticleProposal to Expand “Accredited Investor” Definition Could Endanger Public...
Washington, D.C. – The Securities and Exchange Commission (SEC or the Commission) recently proposed revisions to the definition of “accredited investor.” In response, and building on their previous...
View ArticleCFA Urges SEC to Go Back to the Drawing Board on Proposal That Doesn’t...
Washington, D.C. – In a letter to the SEC regarding its revised proposal to regulate funds’ use of derivatives and the sale of leverage and inverse trading vehicles, CFA detailed how funds’ misuse of...
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