Investor Group, Pension Funds Oppose Financial Choice Act – WSJ

A group of institutional investors is calling on the House of Representatives to oppose the Financial Choice Act saying it will undercut shareholder rights.The Council of Institutional Investors, an advocacy group, sent a letter to every House member Wednesday urging them to oppose the bill. It was signed by 53 pensions, unions and other institutions that collectively hold more than $4 trillion in assets.

“The Choice act threatens fundamental investor protections that keep U.S. markets safe, fair and vibrant,” said Amy Borrus, deputy director at CII. “It’s like taking seatbelts out of cars, it’s just too risky.”

Source: Investor Group, Pension Funds Oppose Financial Choice Act – WSJ

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