Occupy the SEC works to ensure that financial regulators act in the public interest, not for Wall Street and its lobbyists. We are a group of concerned citizens, activists, and financial professionals with decades of collective experience working at many of the largest financial firms in the industry. If you live in NYC and would like to join us, or would like to help remotely, feel free to contact us.
May 1, 2013Occupy the SEC has analyzed a slew of bills that would gut various components of Title VII's swaps oversight. In response we sent a letter to the House Financial Services Committee with our recommendations. In general, OSEC recommends that the House forebear from passing premature amendments or modifications to the Dodd-Frank as the law has yet to be fully implemented or enforced. Read Letter.
February 27, 2013Occupy the SEC has filed a lawsuit in the Eastern District of New York against six federal agencies, over those agencies' delay in promulgating a Final Rulemaking in connection with the "Volcker Rule." Here is a pdf copy of the lawsuit.
February 15, 2013We submitted a Comment Letter regarding the joint agency efforts to reform the money markets. The Financial Stability Oversight Council (FSOC) proposed three solutions which we weighed in on.
Last winter, Occupy the SEC submitted a 325 page letter to the SEC, FDIC, the Federal Reserve and the OCC, to comment on the notice of proposed rulemaking for the Volcker Rule. In our comment letter, we answered 244 out of 395 questions asked by the Agencies. Since then we have continued to opine on the rule's development. To read more about our Volcker-related actions click here.
Even though the letter has been submitted you can still have your voice be heard by signing our petition. When you sign the petition all the regulators get a message automatically sent to them.
"JOBS" stands for "Jumpstart Our Business Startups" and it is a misnomer. It should have been named something less misleading, like the TOYS Act - Take Off Your SOX Act (Sarbanes-Oxley). Rather than directly promoting employment, the Act removes important investor protections and frees Wall Street and allegedly small companies from compliance with Sarbanes-Oxley. For more about what we think of this Act see our public Comment Letter we submitted to the SEC. More here.
We submitted a Letter to SEC Chairman Mary Schapiro requesting a criminal investigation for market manipulation.Read more here.
Commentary and questions for House Banking Services Committee questioning of Jamie Dimon after JP Morgan lost billions on a series of related trades.
We had a lot of to say about this event. In June we submitted a flurry of letters to various officials. To find out more click here.