Capitol Visitor Center, Capitol Hill, SVC 209-08
Oct 18, 2015
7:30 PM (GMT-4)
Host:
Americans for Financial Reform
Do private funds drive positive change and improve efficiency? Or do they drive short-termism, job losses and systemic risk in our markets? Regulators have only just begun to shine a light on these funds, revealing a host of problems and raising many more questions about their operations. Recent reports from the SEC point to rampant abuse in the industry, from charging excessive fees to generating revenue through creative accounting techniques rather than long term value creation. These new findings demonstrate a pattern of transferring wealth up, from working people to the country's richest financial managers. Join experts and legislators to discuss these issues and more.
Following a keynote address from Senator Tammy Baldwin (D-WI), the first panel will consider private equity's leveraged buyout strategies and their effects on American companies and workers. The second panel will address hedge funds and the related issues of activism, debt vulturism, high frequency trading and more. The event will close with additional comments from Senator Al Franken (D-MN) and Congresswoman Nydia Velazquez (D-NY). Confirmed speakers include:
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Eileen Appelbaum, Senior Economist, Center for Economic and Policy· Victor Fleischer, Professor of Law, University of San Diego
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Eric LeCompte, Executive Director, Jubilee USA Network
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David Wood, Director, Initiative for Responsible Investment at the Kennedy School at Harvard
More speakers will be announced shortly. Coffee and snacks will be served.
Please register here.
