
Thank you for taking action to stop the Department of Labor from opening retirement accounts to private equity and crypto.
Private equity is pushing hard to gain access to the trillions of dollars held in 401(k)s. This rule is their opportunity. Weakening fiduciary standards would allow high-risk, opaque investments into retirement plans under the misleading label of “choice” and “diversification.”
Private equity firms are already trying to rebrand themselves as safe for retirement savings, despite recent struggles to return money to investors and a record of bankruptcies, layoffs, and asset stripping that have harmed workers and communities across the country. Crypto markets have repeatedly demonstrated their volatility and lack of basic investor protections.
Americans for Financial Reform is leading the fight to stop this rule. We are exposing what it actually does, pushing back against Wall Street’s lobbying efforts, and mobilizing public pressure to protect retirement security.
But we are up against powerful financial interests with massive resources and influence. Your support helps fund the research, advocacy, and organizing needed to stop this dangerous proposal and defend the savings that millions of people rely on for their future.
Contribute to Americans for Financial Reform and fund the fight to stop Wall Street from looting workers’ retirement savings now.