I strongly encourage readers to send a letter to your Senators on behalf of you as an individual investor and/or your firm and to also to ask your friends and clients to send letters/emails to support passage of comprehensive financial regulatory reform.
Download a model letter (in Word) written by Joe Keefe, CEO of Pax World Funds and Lisa Woll, Executive Director of the Social Investment Forum. You can also download an Excel spreadsheet of Senate Contacts and a draft Financial Reform Letter to the Editor to send to your local paper.
The authors have highlighted some of the important corporate governance language and securities regulation that is in the bill as well as the need to strengthen certain sections in particular advocating for an independent Consumer Financial Protection Agency. This measure would be a good start. More is needed.
The vote in the Senate on Financial Regulatory reform will likely take place next week. We need to do everything we can to ensure better transparency, disclosure and regulation. The other side is mounting an immense effort to stop the bill or significantly weaken it. (What Financial Reform Means for You, SmartMoney, 4/22/10; Obama moves to close deal on financial reform, MSNBC, 4/22/10 and The Debate on Wall Street Reform, Council on Foreign Relations, 4/22/10)