“We have prostituted our standards of securities underwriting and sales of securities to investors. When the Street starts justifying stuffing customers and saying, ‘It’s O.K., caveat emptor,’ that requires a public policy response. We need to say to the Street, ‘In all the things you do, especially if it is sold to a pension fund, you have a duty of care to every party in the transaction.’”

Christopher Whalen, Editor of Institutional Risk Analyst New York Times article "Resetting the Moral Compass" January 23, 2010

Recent Reports

Alliance for Economic Stability Investigates SEC Chairman’s Violations of President Obama’s Executive Order on Ethics. May 26, 2010 The Alliance for Economic Stability (AES) is investigating violations of President Obama’s executive order on ethics by the Securities and Exchange... Read more...
Mary Schapiro’s Conflicts of Interest and Multi-Million-Dollar Annual Compensation for Regulatory Work. May 26, 2010 SEC Chairman Mary Schapiro earned a multi-million-dollar salary performing regulatory work as a FINRA executive. From 2002 to 2008, Schapiro earned... Read more...
Congressional Hearings Called “menacing” to For-Profit Education. June 25, 2010 Today Senator Tom Harkin, Chairman of the U.S. Senate Committee on Health, Education, Labor and Pensions, will hold a hearing titled "Emerging Risk?... Read more...
Alliance for Economic Stability Announces Initiative to Address Abuse of Taxpayer Funds by For-Profit Education Companies. May 25, 2010 The Alliance for Economic Stability (“AES”) announces an initiative to address improved oversight of tax-payers’ funds provided to for-profit... Read more...

Main Issues

Contribute Today

Your support allows AES to continue to conduct independent research and investigations of the Regulatory Systems that allowed for the economic crisis. Thank you for your contribution.

Amount:   USD

Who's Online

We have 13 guests online

Share with others