Defending Main Street
Protecting Consumers, Investors, Retirees and Markets from the Predators
Financial Reform and Stability
Preventing Financial Crashes and Economic Collapse While Protecting Your Pocketbook, Our Shared Prosperity and America’s Limited Resources
Accountability
Returning the Law to Wall Street While Watching the Watchdogs, Defending Democracy, Transparency and Open Government
Advocacy and Outreach
Supporting the productive economy, creating wealth and broad-based prosperity while reducing systemic threats, inequality and economic insecurity
“[Better Markets] first shot to fame during the 2008 global financial crisis when it became a thorn in the side of Wall Street and Washington regulators because it complained loudly—and correctly—about the follies of excessive financial deregulation. Since then, it has continued to scrutinize the more recondite details of US regulation, complaining, again rightly, that the rules have recently been watered down.”
“Dennis Kelleher and his team at Better Markets have consistently pushed for financial reform that will help protect the U.S. economy from another financial crash. They are strong partners in the fight to level the playing field for middle-class families and have been persistent fighters for the American people, their jobs, savings and retirements.”
“Better Markets has served as a valuable and important voice pushing for fairness in our financial system.”
“Dennis Kelleher over at Better Markets, a huge presence in Washington, DC. A nonprofit, of course, established to make finance and government serve society a little bit better.”
“Dennis Kelleher [is] one of the most powerful lobbyists on financial regulatory reform.”
“It's more important than ever that consumers and taxpayers have strong advocates like Dennis and Better Markets to stand up for ordinary Americans.”
“Kelleher, a former attorney at Skadden, Arps, Slate, Meagher & Flom, has become well-known for his critique of both Wall Street banks and regulators who he has often accused of failing to hold the banks accountable for wrongdoing.”
Shaping the news, amplifying the public’s voice and analyzing new policies so Main Street doesn’t get left behind.
Comment
Letters
Better Markets filed more than 450 Comment Letters at the financial regulatory agencies and self-regulatory organizations.
Rule
Citations
Better Markets was cited over 170 times in final rules, showcasing the impact our subject matter experts make on the rulemaking process.
Court
Filings
Better Markets argues for strong regulation, effective remedies for investors, and a rulemaking process that complies with the law.
Print
Articles
Better Markets subject matter experts are continually sought after to amplify the public’s voice and to analyze new policies so Main Street doesn’t get left behind.
Important story by @hiltzikm on the lack of accountability for banking execs at TD Bank- "A big bank engaging in criminal conduct has finally been properly punished, but failing to charge individual banking supervisors and executives is wrong and dumb."- @DennisKelleher
Happy election day. Our team analyzed the Biden/Harris record, what a second Trump term would look like, and the Trump Administration’s deregulation that led to the Spring 2023 banking crisis. #Election2024
https://bit.ly/4ftp5gM
The #crypto industry is running more than a $100 million in ads this election cycle- but what's the one thing you won't hear about in their ads? CRYPTO
That's because they know the American people and voters are skeptical if not hostile to crypto so they can’t talk about crypto,…
You've probably heard about betting markets & the #2024election. Our team explains that election betting poses serious risks to democracy, corrupts our financial markets, & exacerbates trends in gamification that lead to addictive behaviors for millions.
https://bettermarkets.substack.com/p/the-kalshi-case-a-threat-to-democratic
.@Kalshi argues its election betting markets are for hedging, but it now offers dozens of markets on the election including margin of victory in swing states. But how can a business hedge by betting on the margin of victory in Pennsylvania?
What Will Be the Popular Vote Margin of Victory in Pennsylvania? | Kalshi
Trade on the outcome of the Pennsylvania Popular Vote margin of victory on the only legal prediction market in the U.S.
kalshi.com
With markets moving drastically in the last days of the election here is the question that should be asked-If prediction markets are so much better than the polls, why do they so often reflect the polls and react to the polls? @crobmatthews @MarketWatch
Trump election odds tumble on betting markets after Iowa poll shows Harris lead
Harris is now the favorite on betting site Predictit.
www.marketwatch.com
#IndexFunds are widely regarded as an important tool for Main Street Americans to invest and save for retirement. But the popularity of index funds has allowed the three main index fund managers to accumulate enormous power, which has the potential to harm investors. In a new…
In this month's newsletter we discuss the whirlwind of change during the past few years. We’ve begun to undo some of the reckless financial deregulation and restore balance to our economic and financial systems and address long-overdue issues of social, economic, and racial…
Millions of Americans currently use banking services—such as payments, lending, or deposit placement—provided by fintech firms that operate in partnership with banks. Although these partnerships provide convenience and can reduce costs, most users are unaware that these fintechs…
Allowing #FTX Co-conspirator Nishad Singh to go scot-free is a bad miscarriage of justice. Although Singh was helpful to the prosecution, but he was not a whistleblower and did not come forward until FTX had imploded. Read our statement.
For FTX Conspirator Singh, No Jail No Justice | Better Markets
WASHINGTON, D.C.— Stephen Hall, Legal Director and Securities Specialist, issued the following statement in connection ...
bettermarkets.org
.@jcbeam @TheAtlantic writes on #crypto's hopes to rewrite the rules in it's favor after the election. @DennisKelleher explains the industry is fighting financial protection rules because if the industry "had to fully and truthfully disclose the risks associated with crypto, the…
.@piperhudsburn @cnn covers the explosion of election betting on platforms like @Kalshi @RobinhoodApp. These sites have argued these markets are for hedging but our Cantrell Dumas explains it's clearly not the case- "No business can hedge whether or not Kamala Harris loses by…
#NishadSingh, @FTX_Official's former chief engineer and a key participant in the #FTX crypto scandal, will be sentenced for his part in one of the largest criminal frauds in financial history. Our team lays out what the court should be considering:
FTX Co-Conspirator Nishad Singh’s Cooperation Convicting FTX Kingpin Sam Bankman-Fried Was Import...
To: Interested Parties From: Dennis Kelleher, President and CEO CC: Media Contact: Anton Becker, Dir. of Communication...
bettermarkets.org
.@RobinhoodApp is infamous for gamification techniques aimed at getting users to thoughtlessly trade more often and trade riskier products. It's no surprise they are now offering bets on elections, trivializing our democracy and providing even more addictive content. @GGottsegen…
.@BobPisani @CNBC does an excellent job of examining the issues around expanding trading hours. @DennisKelleher explains these changes can lead to much wider bid-ask spreads, impulsive trading at late hours, & disadvantages for retail traders.
The pros and cons for investors of nonstop trading as NYSE looks to go 22 hours a day
The Big Board announced on Friday that it was seeking approval to expand trading on its electronic Arca platform ...
www.cnbc.com
.@DennisKelleher tells @ShaneGoldmacher @nytimes “Former President Trump has a ‘For Sale’ sign around his neck and appears to be willing to sell basically any policy in exchange for campaign contributions.”
How Donald Trump Is Making Big Promises to Big Business
Crypto. Big Oil. Tobacco. Vaping. The former president has been making overt promises to industry leaders, a level ...
www.nytimes.com
Today, Better Markets released materials that analyze the Biden/Harris record, what a second Trump term would look like, and the Trump Administration’s deregulation that led to the Spring 2023 banking crisis. #Election2024 https://bettermarkets.org/newsroom/analysis-better-markets-analyzes-the-trump-and-biden-harris-records-on-financial-policy/
.@DennisKelleher in @politico's #MorningMoney on @coinbase's relentless influence campaign. “using vast & seemingly unlimited amounts of money to buy politicians and the political system to promote their interests over everything else — is a perversion & corruption of the…
Thoughtful piece by @johnauthers of @business on the future of election prediction markets.
https://www.bloomberg.com/news/articles/2024-10-24/could-political-betting-swing-the-2024-us-presidential-election?sref=mQvUqJZj
Especially in these pivotal yet fragile political times, the last thing our country needs is for democracy to be undermined further by allowing gambling on elections. Learn more about this threat to our democracy in our new court filing.
Appellate Court Must Protect Democracy, Investors, and the CFTC by Prohibiting Gambling on Electi...
WASHINGTON, D.C.—Stephen Hall, Legal Director and Securities Specialist, issued the following statement on the filing ...
bettermarkets.org
Better Markets is fighting for a financial system that prioritizes Main Street over Wall Street, supports long-term growth, and creates opportunities for everyone. Your support will help us to continue advocating for change across Washington, from the financial regulatory…
#IndexFunds are widely regarded as one of the most successful innovations in modern finance. They offer retail investors the benefits of diversification while charging much lower fees than actively managed funds.
Yet the popularity of index funds has allowed the three main…
The @CFPB's new rules will eliminate barriers to competition and empower consumers with greater control over their financial data. This proposal will make a real difference in the lives of Main Street Americans.
CFPB’s Rules on Personal Financial Data Rights Will Protect Consumers’ Privacy, Combat Racial and...
WASHINGTON, D.C.— Brady Williams, Legal Counsel, issued the following statement on the Consumer Financial Protection B...
bettermarkets.org
Important story by @freddy_brewster @LeverNews on efforts to weaken consumer/investor rights through the #SCOTUS. Our Steve Hall explains "It boils down to limiting the ability of those investors to hold wrongdoers accountable & to recover their damage."
“Friends Of The Court” Urge SCOTUS To Slash Consumer Rights
Interest groups backed by conservative operatives and billionaire interests are pushing the high court to use upcoming...
www.levernews.com
.@lisabonos of the @washingtonpost writes on the rise of election betting with our Cantrell Dumas warning that "whales" could sway the markets with large bets and that tactics like AI deepfakes could manipulate markets and elections.
Billions in election bets raise the stakes of the presidential race
In the final sprint to Election Day, dollars and eyeballs are flocking to prediction markets that offer ever-changin...
www.washingtonpost.com
As investment fund managers continue to grow, so does their influence and control of banks. Many mutual funds and ETFs are also owned by the same parent company, forming even larger and more powerful—and riskier—fund complexes. The @FDICgov has rightly identified concerns about…
This appears to be a straightforward effort to manipulate the 2024 election. @BetterMarkets, other public interest groups, and concerned citizens warned about this threat to our democracy. https://www.wsj.com/finance/betting-election-pro-trump-ad74aa71?st=nAJCqE&reflink=article_email_share
Can't miss story from @TonyRomm & team at @washingtonpost on #crypto's attempt to buy special interest legislation in Washington with more than $100 million in campaign contributions.
Crypto cash is flooding the 2024 election. Here’s who’s benefiting.
Super PACs funded by the cryptocurrency industry have spent more than $130 million in one of the largest — and...
wapo.st
No criminal charges were brought against #TDBank executives despite the bank's involvement is a yearslong money laundering conspiracy. @EbrimaSSanneh examines why our system is #TooBigToJail in an important story.
https://www.americanbanker.com/news/td-money-laundering-scandal-revives-allegations-of-too-big-to-jail
#IndexFunds are widely regarded as one of the most successful innovations in modern finance. They offer retail investors the benefits of diversification while charging much lower fees than actively managed funds. They also consistently outperform actively managed funds.
But the…
For media inquiries, please contact press@bettermarkets.org or 202-618-6433.
To sign up for our email newsletter, please visit this page.
"* (Required)" indicates required fields
please contact press@bettermarkets.org or 202-618-6433.
Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.
;
