Amercian Legion op-ed calls for SEC to reject changes to allow publicly-traded companies to avoid securities fraud class actions.

Attempts to change SEC rules  to permit publicly-traded on companies to insert arbitration clauses with class action waivers in their shares or corporate governance documents have gained steam under the Trump Administration. The current SEC Chair, appointed by President Trump, has refused to reject them, as previous Democratic- and Republican-appointed Chairs have done. John Kamin, assistant director of The American Legion’s Veterans Employment & Education Division, writes in a new op-ed that the change represents a serious risk to the financial security of veterans and active duty servicemen and women.