Team,
As we close Day 2 of this campaign, I’m thrilled to share some key updates on our progress and next steps. Your engagement and support are driving this movement forward, and together, we’re creating real momentum for justice.
Key Updates:
1. Growing Support: Yesterday, we ended the day with 180 signatures. Today, that number has risen to 215 and continues to grow. Each signature strengthens our voice and sends a clear message that we demand accountability and transparency.
2. Expanded Decision Makers: I’ve updated the campaign page to reflect additional decision makers critical to resolving the MMTLP crisis: Representatives and Senators for NJ, FL, and TX: As the author of the open letter, I hail from New Jersey, alongside co-signers from Florida and Texas. Therefore, elected representatives from these states—Senators Andy Kim (D-NJ), Cory Booker (D-NJ), Marco Rubio (R-FL), Rick Scott (R-FL), John Cornyn (R-TX), Ted Cruz (R-TX), and Representatives Josh Gottheimer (D-NJ), Maxwell Frost (D-FL), Lizzie Fletcher (D-TX)—have been added to the Thru: line of our memo.
U.S. Senate Committee on Finance: After thorough research, we’ve determined that the U.S. Senate Committee on Finance is the most effective target for our petition and open letter. This committee oversees critical financial and regulatory matters, making it uniquely positioned to address the systemic failures that led to the MMTLP crisis. They have been moved to the To: line of our memo. Members of the Senate Finance Committee: Chairman: Senator Mike Crapo (R-ID), Ranking Member: Senator Ron Wyden (D-OR), Senator Chuck Grassley (R-IA), Senator John Cornyn (R-TX), Senator John Thune (R-SD), Senator Tim Scott (R-SC), Senator Bill Cassidy (R-LA), Senator James Lankford (R-OK), Senator Steve Daines (R-MT), Senator Todd Young (R-IN), Senator John Barrasso (R-WY), Senator Ron Johnson (R-WI), Senator Thom Tillis (R-NC), Senator Marsha Blackburn (R-TN), Senator Roger Marshall (R-KS), Senator Maria Cantwell (D-WA), Senator Michael Bennet (D-CO), Senator Mark Warner (D-VA), Senator Sheldon Whitehouse (D-RI), Senator Maggie Hassan (D-NH), Senator Catherine Cortez Masto (D-NV), Senator Elizabeth Warren (D-MA), Senator Bernie Sanders (I-VT), Senator Tina Smith (D-MN), Senator Ben Ray Luján (D-NM), Senator Raphael Warnock (D-GA), Senator Peter Welch (D-VT).
3. Calls for Accountability:
Representatives Ralph Norman (R-SC) and Pete Sessions (R-TX), who led the original congressional inquiry into the MMTLP matter on December 22, 2023, and followed up with a memo on June 5, 2024, have been added as respondents. We believe they owe investors a comprehensive and substantiated response regarding the progress of their efforts.
As noted in the open letter, Representative Norman confronted SEC Chairman Gary Gensler in a public exchange but failed to receive meaningful answers or solutions. If this lack of accountability had come from a citizen or government employee, it would not have been tolerated. This disparity in scrutiny must be addressed.
4. Next Steps:
Starting Monday, January 22, I’ll be reaching out to the representatives listed on the Thru: line of the memo to alert them about our Change.org campaign and to inform them that a copy of our petition and open letter will arrive in their offices on or about January 31, 2025.
In the meantime, I encourage all supporters to share this petition with friends and family. Every signature helps us build the pressure needed to create change.
Why This Matters:
The actions of FINRA, the SEC, and DTCC in the MMTLP case represent a glaring breach of investor rights and market integrity. The Senate Committee on Finance must address these failures to restore public trust in our financial markets and ensure accountability. By bringing these systemic issues to light, we can advocate for reforms that protect every investor from similar injustices.
Thank you for your continued support and for standing with us in this fight. Together, we can make a difference.
Very respectfully,
SGM Daniel Auxier