Merkley, Murray, Bennet, Wyden Press Federal Financial Regulators to Provide Clear Guidance so that Legal Marijuana Businesses Can Access Banking Services
WASHINGTON, D.C. – Today, Oregon’s Senator Jeff Merkley, Senator Patty Murray (D-WA), Senator Michael Bennet (D-CO) and Senator Ron Wyden (D-OR) pressed federal financial regulators to issue clear guidance for financial institutions serving legal marijuana businesses, making it easier for those businesses to access banking services rather than operating on
These Senators Want to Reign in Activist Investors
As shareholder activism reaches unprecedented levels Democrats are taking aim at a new Wall Street target—activist investors. A new bill sponsored by two Senate Democrats, which would tighten disclosure rules for activists, comes at a time when shareholder activism is at an all-time high. The proposed legislation, sponsored by Wisconsin
There Is A New Plan To Stop Wall Street Raiders From Preying On Main Street Companies
WASHINGTON — A new Senate bill tries to make it just a little bit harder for activist hedge funds to exploit healthy companies rather than invest in their future. Sen. Tammy Baldwin (D-Wis.) and Jeff Merkley (D-Ore.) introduced the Brokaw Acton Thursday, which would strengthen disclosure requirements for activist hedge
Bernie Sanders and Elizabeth Warren are going after activist hedge funds
Sens. Elizabeth Warren of Massachusetts and Bernie Sanders of Vermont are going after activist hedge funds. The senators have sponsored a bill seeking to increase transparency and oversight of activist investors who take large stakes in companies, usually with the goal of gaining board seats and spurring change within companies.
2 Senate Democrats Introduce Bill to Curb Activist Hedge Funds
Two Senate Democrats introduced a bill on Thursday that would take aim at activist hedge funds and their ability to act together in “wolf packs” to overtake public companies. The bill would shorten the number of days that activists have to disclose newly acquired shares in a company and force
U.S. Senators Tammy Baldwin And Jeff Merkley Introduce Legislation To Strengthen Oversight Of Activist Hedge Funds
WASHINGTON, D.C. – Today, U.S. Senators Tammy Baldwin (D-WI) and Jeff Merkley (D-OR) introduced legislation to increase transparency and strengthen oversight of activist hedge funds. The Brokaw Act is named for a small Wisconsin town that went bankrupt after an out-of-state hedge fund closed a paper mill that had provided good jobs to
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