
Donald Trump’s executive order will allow private equity and cryptocurrency firms to access trillions of dollars in 401(k) savings. This is the culmination of years of lobbying by industries that thrive on high fees, risky bets, and opaque investments. For Wall Street, it is a windfall. For workers saving for retirement, it is a disaster.
Private equity executives have already siphoned billions from pension funds through hidden charges and financial engineering. Now they want direct access to individual retirement accounts, where trillions of dollars are at stake.
AFR is leading the opposition. We are on the ground in Washington, pressing lawmakers to act. We are mobilizing our nationwide grassroots network of more than 350,000 people to demand protection for retirement savings. And we are in the media, shaping the national conversation and exposing Trump’s order for what it is: a giveaway to Wall Street at the expense of every American worker.
This is a disaster in the making, but it can be stopped. With your support, AFR will help mobilize and organize to stop Trump and Wall Street from raiding your retirement savings.
Contribute now to Americans for Financial Reform and fund the fight to protect retirement security from Trump and Wall Street’s latest scam.