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Mary Schapiro From Precy Dumlao, Opalesque Asia:
Some 14 institutional investors, representing pension funds and plan sponsors and responsible for $1.6tln in assets, have called on the American Securities and Exchange Commission (SEC), submitting a list of proposed financial reforms that they believe should be prioritized as they considered them necessary to protect shareowner rights and bolster investor confidence.
"We encourage the Commission to continue work on a proactive agenda advancing your mission to protect investors, maintain fair, orderly, and efficient markets, and to facilitate sustainable capital markets," wrote the investor group in a letter to Mary Schapiro, Chair of the SEC. "Despite the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act, we believe there is unfinished business that is critical to protecting and strengthening shareowner rights and investor confidence in the financial markets."
The coalition of institutional investors includes: the Universities Superannuation Scheme (USS); AustralianSuper Pty Ltd; All Pensions Group (APG); BT Pension Scheme Management Ltd; California Public Employees’ Retirement System; California State Teachers’ Retirement System; Connecticut Retirement Plans and Trust Funds; Co-operative Asset Management; Florida State Board of Administration; F&C Management Ltd; Office of New Y...................... To view our full article Click here
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