MONDAY | The INVESTORS meet with SECs Office of Credit Ratings in NYC. The House has finished its work and is in recess. The Senate has a few more pieces of legislation to complete and additional nominees to confirm.
Read what happened in the industry, on the hill, and at the agencies while you were working.
MONDAY | In the Oval Office, President Obama meets with Prince William on a visit to the World Bank to discuss illegal wildlife trafficking before an appearance on Comedy Centrals Colbert Report. The SECs chief accountant, an SEC commissioner, and the PCAOB chair will speak at a conference. House Democrats hold a conference call briefing to discuss TPP negotiations; TPP chief negotiators will be in Washington all week.
Our Clients, Our Markets, Our PurposeThe Association of Institutional INVESTORS is an organization of the oldest, largest, and most trusted federally registered investment advisers in the United States. All our members have a fiduciary duty to put their clients' interests first. Put simply, it's not our money. Our members' clients include companies and labor unions, public and private pension plans, mutual funds and 401Ks, and individuals and families who depend on our firms to help them provide for their retirements, to have funds available to educate their family members, to meet other obligations, and to support their financial aspirations. Collectively , the Association's members manage investments for more than 80,000 ERISA pension plans, 401Ks, and mutual funds on behalf of more than 100 million American workers and retirees.
Our financial markets connect companies to investors and borrowers to lenders to help corporations create jobs, cities and states build needed roads, bridges, and schools, families finance homes and cars, and pension plans at all levels meet their obligations. These markets allow thousands of organizations and millions of individuals to invest in America, sharing in the success of our nation's businesses and maintaining a stake in the strength of cities, counties, states, and our country.
Our financial markets can only fulfill their highest purposes when they are open, transparent, and provide a level playing field for all market participants, and when they are supported by prudent regulation and strong investor protections. All the Association's efforts are toward these ideals.