New York Public Advocate Continues To Bully U.S. Gunmakers, Shareholders

posted on March 25, 2016
** When you buy products through the links on our site, we may earn a commission that supports NRA's mission to protect, preserve and defend the Second Amendment. **

The second-highest ranking elected official in New York City, Public Advocate Letitia James, wrote to the Securities and Exchange Commission (SEC) Tuesday, claiming that firearms manufacturer Sturm, Ruger & Co. misled investors by not disclosing the shocking revelation that criminals use guns—and that this omission did not adequately disclose Ruger’s reputational and liability risks, The New York Times reports

It’s just the latest scheme James is using to scare investors and bully gunmakers by fomenting fear over their viability. In December, she sicced the SEC on Smith & Wesson using the same tactics, and recently urged TD Bank to stop financing the gunmaker. She’s also pushed public pension funds to agree to divest from firearms industry stocks. 

But they may be the ones who lose: Over the past five years, Smith & Wesson’s stock value has increased by over 600 percent, while Ruger’s has more than tripled. Any chance Letitia wants to buy-in cheap?

Latest

William A. Bachenberg
William A. Bachenberg

President’s Column | What a Year It Has Been!

Wow! How fast a year has gone by since being elected president at the end of April last year! My first column was titled “It’s A New Day At The NRA,” and included the following:

Standing Guard | We Are the Good Citizens

I am a big believer in transparency. Each individual needs privacy from unconstitutional government intrusion—this especially includes what guns a law-abiding American citizen might own—but an association of freedom-loving citizens must be transparent.

U.S. v. Hemani Arguments

On March 2, the U.S. Supreme Court heard oral arguments in U.S. v. Hemani. The case involves a defendant who is fighting a federal indictment for possessing a firearm while being a marijuana user.

President’s Column | Getting You Up to Speed

A lot of things have occurred over the past month or so that not all members are completely aware of. I’ll use my column this month to update you on some important issues—transparency.

Standing Guard | The NRA Gathers to Celebrate Our Freedom

The momentum we’re seeing across the country is both encouraging and energizing. January opened with tremendous activity at the NRA booth during SHOT Show, where members, industry partners and supporters stopped by to connect, share ideas and reaffirm their commitment to freedom and the Second Amendment.

Port Authority Doubles Down on Constitution-Free Zone with High-Profile Arrest

As anyone who has passed a basic civics class knows, the U.S. Constitution is the supreme law of the land. All legislation and official government actions are subject to its limits.

Interests



Get the best of America's 1st Freedom delivered to your inbox.