In the News

Elizabeth Warren’s Call for More SEC Regulations Will Harm Individual Investors

Click here to view the Townhall piece. The wolves of Wall Street have evolved and now some reside on Main Street. GameStop’s market rally saw wide price swings in the stock with some brokerage services prohibiting investors’ ability to purchase shares. Democrats have called for more regulations from…

Legislation/Regulation

SEC Adopts Rules to Prohibit the use of Leveraged/Inverse Funds

On October 28, 2020, the Securities and Exchange Commission approved a rule that will dramatically change the use of derivative instruments and certain related transactions by mutual funds, exchange-traded funds, closed-end funds, and business development companies. SAF is opposed to the Commission’s adoption of Rule 18f-4, which represents an…

Legislation/Regulation

Financial Regulators Adopt Changes to Sections of the Volcker Rule

On June 25, 2020, the Federal Reserve Board approved an amendment to streamline the definition of the “covered funds” provision in the Volcker Rule, a regulation promulgated from the Dodd-Frank Wall Street Reform and Consumer Protection Act that limited financial institutions’ ability to conduct proprietary trading activities.

Legislation/Regulation

SAF Signs Coalition Letter Urging President to Waive Dodd-Frank Provision for National Security

The Shareholder Advocacy Forum joined a group of other free-market groups and signed a coalition letter to encourage President Trump to use his authority before his first term expires and temporarily suspend the “conflict minerals” provision under Dodd-Frank for two years in the interest of national security. Waving the…

Legislation/Regulation

SEC Adopts Rules Change to Proxy Advisor Process

On September 23, the Securities and Exchange Commission approved an amendment to modify the proxy voting process for public corporations. SAF supports the Commission’s update to Rule 14a-8, which strengthens requirements shareholders must meet to submit proposals to the board of directors: Shareholders must own $25,000 worth of shares…

Legislation/Regulation

SAF & ATR Supports Second Term for SEC Commissioner Hester Peirce

Shareholder Advocacy Forum Executive Director James Setterlund and Americans for Tax Reform President Grover Norquist sent a letter to the Senate Banking, Housing, and Urban Affairs Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) expressing support for the re-appointment of Securities and Exchange Commissioner Hester Peirce to…