Shortcut Navigation:

AFL-CIO Now

Showing blog posts tagged with Securities and Exchange Commission

House Bill Would Block DOL Rule to Protect Workers’ Retirement Savings

Photo via Alliance for Retired Americans.

A bill (H.R. 2374) set for a vote in the House Tuesday would delay and could ultimately thwart the Department of Labor’s effort to protect workers’ retirement security. The DOL wants to close loopholes and update the rule that protects workers from deceptive or abusive practices whenever they seek investment advice about their retirement savings

Call Congress at 1-888-912-5898, ask for your representative’s office, and urge him or her to protect workers’ retirement security and oppose H.R. 2374.

Read more and comment »

SEC Rule on CEO Pay Helps Investors Judge Compensation Practices That Affect Performance

Photo by Brandon Rees

Corporations will no longer be able to hide how much CEOs are paid compared to the workers who make those companies run, under a rule proposed today by the U.S. Securities and Exchange Commission (SEC). The rule requires companies to disclose the ratio of total compensation between chief executive officers and the median pay of employees.

That new rule does far more than help point out the historic and growing massive gap between CEO and worker pay. It is an important tool for investors to judge a company’s internal compensation structure, says AFL-CIO President Richard Trumka.

Read more and comment »

SEC Opens the Door to Hedge Fund Advertising, Repeals Investor Protections Dating Back to the Great Depression

Despite the objections of investor advocates, the Securities and Exchange Commission (SEC) finalized a rule that will lift a decades-old ban on advertising by hedge funds. The original prohibition on such advertising dated back to Great Depression and protected people from investment scams.

Read more and comment »

SEC Moves Closer to Require Disclosure of Corporate Political Spending

Illustration by DonkeyHotey/Flickr

The U.S. Securities and Exchange Commission (SEC) will consider a rule to require disclosure of political spending by publicly traded corporations in April. By putting this rule making on its agenda, the SEC is responding to the Supreme Court’s decision in Citizens United, which ended restrictions on independent corporate spending for public communications that influence elections.

Read more and comment »

Trumka Applauds Schneiderman Lawsuit Against Bear Stearns

Photo by Benjamin Dumas.

In an era when the rich and powerful line their own pockets at the expense of workers, homeowners and investors, New York State Attorney General Eric Schneiderman is striking a blow for accountability and equal justice, says AFL-CIO President Richard Trumka. 

Schneiderman just filed a lawsuit against Bear Stearns alleging that the former investment bank created fraudulent mortgage-backed securities.

Read more and comment »

New Today: CEO Pay and the 99%

New Today: CEO Pay and the 99%

Moments ago, we launched the 2012 AFL-CIO Executive PayWatch site—now called CEO Pay and the 99%—which includes the most comprehensive data accessible on 2011 executive pay. All of the data available is searchable by industry, by state and by the top 100 highest-paid CEOs.

Read more and comment »

Wall St. Run Wild—Here’s How It Happened

Here’s a great video that shows in part how the nation got to the point where inequality is so rampant, CEO greed so unrepentent and Wall Street so not held accountable that people across the nation have taken to the streets—and are staying there.

Read more and comment »

Take Action

Sign the petition to raise the minimum wage

It’s been four years since low-wage workers got a raise. Sign the petition to tell Congress it’s time to raise the minimum wage.

Click here »

Connect With Us

  • Facebook
  • Twitter
  • YouTube
  • Flickr

Are you a union member?


*Message and data rates may apply.

Facebook Favorites

Blogs

Join Us Online