Skip to Main Content
SUBMIT A TIP RECEIVE DAILY NEWS
Menu AdvisorHub
  • News
      • Latest News
          • JPMorgan-ChaseJ.P. Morgan Reorganizes U.S. Wealth Unit
          • 5-Mln-Merrill-Team-In-Texas-Shuffles-To-Wells-Fargo$4.5-Mln Merrill Team in Texas Shuffles to Wells Fargo
          • Ubs-Hires-From-Merrill-Morgan-Stanley-Loses-Ohio-Vet-To-RayjayUBS Hires from Merrill, Morgan Stanley, Loses Ohio Vet to RayJay
          • Wells-Fargo-Joins-Race-To-Zero-CommissionsWells Fargo Joins Race to Zero Commissions
        • Close
      • Advisor Moves
          • 5-Mln-Merrill-Team-In-Texas-Shuffles-To-Wells-Fargo$4.5-Mln Merrill Team in Texas Shuffles to Wells Fargo
          • Ubs-Hires-From-Merrill-Morgan-Stanley-Loses-Ohio-Vet-To-RayjayUBS Hires from Merrill, Morgan Stanley, Loses Ohio Vet to RayJay
          • Cetera , HMC Partners McEachran and John HardyCetera Scores $2.6-Million LPL Team in North Carolina
          • wire-wars-morgan-stanley-adds-another-ubs-teamWire Wars: Morgan Stanley Adds Another UBS Team
        • Close
      • Enforcement
          • J-P-Morgan-Schwab-Win-Orders-Handcuffing-Breakaway-BrokersJ.P. Morgan, Schwab Win Orders Handcuffing Breakaway Brokers
          • Merrill-Raymond-James-To-Pay-12-Million-For-529-Plan-Sales-ViolationsMerrill, Raymond James to Pay $12 Million for 529 Plan Sales Violations
          • J-P-Morgan-Seeks-Tro-Against-Florida-Broker-Who-Joined-UbsJ.P. Morgan Seeks TRO Against Florida Broker Who Joined UBS
          • Massachusetts-Fines-Morgan-Stanley-For-Brokers-Excessive-TradingMassachusetts Fines Morgan Stanley for Broker’s Excessive Trading
        • Close
      • Opinion
          • Investor-Confidence-In-Stocks-Rightly-Declines-Opinion-772x485Investor Confidence in Stocks Rightly Declines: Opinion
          • Opinion-Schwabs-Zero-Commission-Decision-Challenges-Its-Ria-ClientsOpinion: Schwab’s Zero Commission Decision Challenges Its RIA Clients
          • Hedge Funds Binged on GE Stock Before Worst Rout in 11 YearsMillennials’ Portfolios Should Start to Leave Home: Nir Kaissar
          • Barry-Ritholtz-Secs-New-Best-Interest-Rule-Is-Far-From-Best-For-InvestorsBarry Ritholtz: SEC’s New ‘Best Interest’ Rule Is Far From Best for Investors
        • Close
      • Fintech News
          • Need-To-Move-1-6-Billion-Bank-Of-America-Has-An-App-For-That-772x485Need to Move $1.6 Billion? Bank of America Has an App for That
          • Robinhood-Is-Back-In-Washingtons-Crosshairs-After-Leverage-GlitchRobinhood Is Back in Washington’s Crosshairs After Leverage Glitch
          • Robinhood-Traders-Discovered-A-Glitch-That-Gave-Them-Infinite-Leverage-772x485Robinhood Traders Discovered a Glitch That Gave Them ‘Infinite Leverage’
          • U-S-Bank-To-Cut-Thousands-Of-Branch-Workers-In-Digital-PushU.S. Bank to Cut Thousands of Branch Workers in Digital Push
        • Close
      • From the Publisher
          • Richard Frick, Managing Partner and CEO of Gladstone Wealth GroupSeven Questions with Tony Sirianni: Richard Frick of Gladstone Wealth Group
          • Elizabeth Koehler-772×485Seven Questions with Tony Sirianni: BlackRock’s Elizabeth Koehler
          • David CanterSeven Questions with Tony Sirianni: Fidelity’s David Canter
          • 7 Questions Rich Whitworth 772×485Seven Questions with Tony Sirianni: Cetera Financial Group’s Richard Whitworth
          • Zero-Com-Just-Gave-Rias-A-21-Increase-In-Comp-OvernightSirianni: Zero Com just gave RIAs a 21% increase in Comp overnight
          • Chris Mone of WedbushSeven Questions with Tony Sirianni: Wedbush’s Chris Mone
          • Sirianni: You know you’re a European Broker when…Sirianni: You know you’re a European Broker when…
          • seven questions Craig Pirtle-772×485Seven Questions with Tony Sirianni: Craig Pirtle, Managing Director, B. Riley Wealth Management
        • Close
    • Close
  • Deals & Comp
  • Recruiting Wire
  • Resources
    • resources-home-menuResources Home
    • PRACTICE MANAGEMENT RESOURCESPractice Management Resources
    • Transition ResourcesTransition Resources
    • Fintech ResourcesFintech Resources
    • menu fintechFintech Product Directory
    • Boutique Wealth AdvisorsBoutique
    • EventsEvents
    • Close
  • Institute
  • Podcasts
  • Markets
    • Market-News-MenuMarkets
    • OUT OF THE BOX SERIES BY MARK GRANTOut of the Box Series by Mark Grant
    • Boutique Wealth AdvisorsBoutique
    • Close
  • RIA Center
close X
July 18, 2019

Warren and ‘Squad’ Introduce Bill to Rein In Private Equity Firms

by Bloomberg News
|
News
|
Comments (1)
Share This
SUBMIT A TIP
Warren-And-Squad-Introduce-Bill-To-Rein-In-Private-Equity-Firms
Erin Clark for The Boston Globe/Getty Images

(Bloomberg) — Elizabeth Warren introduced legislation Thursday aimed at reining in private equity firms, joining forces with two congresswomen — Ayanna Pressley and Rashida Tlaib — targeted by President Donald Trump.

Pressley and Tlaib are members of a self-described “squad’ of four female lawmakers of color who Trump has told to go back to the “crime infested places from which they came.” The House this week passed a resolution condemning the comments as “racist.”

The Stop Wall Street Looting Act coincides with the rollout of a new campaign policy plan that aims to slap new rules on the financial sector. It would require private-equity firms responsible for debts and retirement pension obligations of companies they purchase, while making their profits contingent on the success of the entities they control.

“For far too long, Washington has looked the other way while private equity firms take over companies, load them with debt, strip them of their wealth, and walk away scot-free — leaving workers, consumers, and whole communities to pick up the pieces,” Warren said in a statement.

‘Send Her Back’ Is Trump’s New ‘Lock Her Up’

President Donald Trump’s supporters may have just found the 2020 version of “Lock Her Up.”

Audience members at Trump’s rally in North Carolina on Wednesday night at one point chanted“Send her back!” as the president listed a number of remarks he said freshman Representative Ilhan Omar had made that he considered unpatriotic or anti-Semitic.

The moment echoed the familiar refrain at Trump’s 2016 rallies: “Lock her up,” a reference to his unsubstantiated claims that his Democratic opponent, Hillary Clinton, illegally used a personal email server.

WATCH: A Crowd in North Carolina chants “Send her back!” as Trump spends 3 minutes criticizing Rep. @IlhanMN

View original tweet.

A day after the House rebuked Trump for his attacks on Omar and three other Democratic lawmakers of color, Trump laid out a bill of complaints about the four women at a political rally in the Tar Heel state, a presidential battleground he narrowly won three years ago.

The rebuke was over Trump’s tweet earlier this week suggesting all four lawmakers “go back” to the countries they came from. Critics on the left and right called the tweet racist and, regardless, it was inaccurate. Three of the women were born in the U.S., and all are American citizens.

In a sign that fallout from the spat could be starting to cause some hand-wringing among House Republicans, Representative Mark Walker of North Carolina tweeted that he “struggled” with the chant at Wednesday’s rally.

Omar’s “history, words & actions reveal her great disdain for both America & Israel,” Walker alleged. “That should be our focus and not phrasing that’s painful to our friends in the minority communities.” — Kathleen Hunter

Here’s What Happened Wednesday:

  • CNN and the Democratic National Committee unveiled the list of the 20 candidates who will participate in the second presidential primary debates of the 2020 election in Detroit on July 30 and 31. Ten candidates will appear on each stage. The group participating each night will be selected at random in a live draw on CNN on Thursday. The candidates are: Joe Biden; Cory Booker; Pete Buttigieg; Julian Castro; Tulsi Gabbard; Kirsten Gillibrand; Kamala Harris; Jay Inslee; Amy Klobuchar; Beto O’Rourke; Bernie Sanders; Elizabeth Warren; Marianne Williamson; Andrew Yang; Michael Bennet; Tim Ryan; John Hickenlooper; Bill de Blasio; John Delaney; Steve Bullock;
  • Bernie Sanders added fuel to a debate over health care consuming the Democratic race, calling on his presidential rivals to reject donations from the industry. In a sweeping defense of his “Medicare for All” proposal that would eventually end private insurance, the Vermont senator said the party shouldn’t accept contributions of more than $200 from a list of pharmaceutical and health-insurance industry political action committees, executives and lobbyists.

Coming Up This Week:

Nineteen of the two dozen or so Democratic candidates are participating in forums organized by AARP this week.

  • A Friday event in Sioux City will feature Senator Elizabeth Warren, author Marianne Williamson, former Representative Beto O’Rourke and tech entrepreneur Andrew Yang.
  • A Saturday event in Council Bluffs will feature Senator Bernie Sanders, South Bend Mayor Pete Buttigieg, Montana Governor Steve Bullock and New York City Mayor Bill de Blasio.

Like this article? Let AdvisorHub come to you!  Sign up

Share This
Comments (1)
  • on Jul 18 2019, e berry says:

    Maybe they should just put a ceiling on private equity debt.. That will ensure there will be no new debt.

    Bueller? Bueller? Bueller?

    > Reply to e berry

Leave a Reply Cancel reply


Tony Sirianni Podcast Banner


NEWS

  • J.P. Morgan Reorganizes U.S. Wealth Unit

    J.P. Morgan Reorganizes U.S. Wealth Unit

    Dec 11, 2019
  • $4.5-Mln Merrill Team in Texas Shuffles to Wells Fargo

    $4.5-Mln Merrill Team in Texas Shuffles to Wells Fargo

    Dec 11, 2019
  • UBS Hires from Merrill, Morgan Stanley, Loses Ohio Vet to RayJay

    UBS Hires from Merrill, Morgan Stanley, Loses Ohio Vet to RayJay

    Dec 11, 2019
  • Wells Fargo Joins Race to Zero Commissions

    Wells Fargo Joins Race to Zero Commissions

    Dec 10, 2019
  • UBS to Shutter Three Sales Regions, Revive Wealth Planning Position

    UBS to Shutter Three Sales Regions, Revive Wealth Planning Position

    Dec 10, 2019
  • 2020 Comp: UBS Raises Payout Hurdles Across the Board

    2020 Comp: UBS Raises Payout Hurdles Across the Board

    Dec 10, 2019
  • Cetera Scores $2.6-Million LPL Team in North Carolina

    Cetera Scores $2.6-Million LPL Team in North Carolina

    Dec 9, 2019
  • Ameriprise to Levy New Advisory Fee on Independent Brokers

    Ameriprise to Levy New Advisory Fee on Independent Brokers

    Dec 9, 2019
  • Paul Volcker, Inflation Tamer Who Set Bank Risk Rule, Dies at 92

    Paul Volcker, Inflation Tamer Who Set Bank Risk Rule, Dies at 92

    Dec 9, 2019
  • This Week’s Top Stories: Finra Suspends Broker Over Spousal Accommodation, LPL Nabs $550-Mln Practice, $12.5 Mln UBS Producers Hop to RBC, and Other News

    This Week’s Top Stories: Finra Suspends Broker Over Spousal Accommodation, LPL Nabs $550-Mln Practice, $12.5 Mln UBS Producers Hop to RBC, and Other News

    Dec 7, 2019

Out of the Box by Mark Grant

Latest News 
Advisor Moves 
Enforcement 
Opinion 
  • About Us
  • Contact Us
  • Advertise
  • Events
  • Careers

 get our newsletter

Industry focused content and breaking news.

SIGN UP

Contact Us

Phone: 540-687-7003

PO Box 1232
Middleburg, VA 20118

311 W. 43rd St.,
12th Floor
New York, NY 10036

© 2019 AdvisorHub
  • |Terms of Use
  • |Privacy Policy
  • |Advertise
  • |Careers
  • Facebook
  • Linkedin
  • Twitter
  • Google

Back to top