FOR IMMEDIATE RELEASE
Thursday, October 22, 2015
Contact: Jeff Gohringer, 202-618-6430 or jgohringer@bettermarkets.com
Better Markets Calls on SEC to Remove Financial Industry Lawbreakers From Equity Market Structure Advisory Committee
**Click here to view the letter**
Washington, DC — Better Markets President and CEO Dennis Kelleher issued this statement on the letter sent to Securities and Exchange Commission (SEC) Chairwoman Mary Jo White today demanding that industry lawbreakers no longer serve on the Equity Market Structure Advisory Committee:
“The SEC created the Equity Market Structure Advisory Committee earlier this year as a way to bring together experts to examine our equity markets and ensure they’re functioning effectively for the American people. As our letter outlines, the committee has unfortunately been stacked with industry insiders, including lawbreakers and wrongdoers. The SEC should immediately remove these lawbreakers and reconstitute the committee with a majority of members who will serve the public interest. It should also publicly explain how lawbreakers ended up on the committee in the first place. Finally, the SEC should take transparent steps to assure that future appointments to the committee actually align with its goal of protecting investors. It’s unacceptable that an SEC committee that should be dedicated to the public interest appears to be just another insiders club dominated by Wall Street interests.”
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Better Markets is a non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again. Better Markets works with allies – including many in finance – to promote pro-market, pro-business and pro-growth policies that help build a stronger, safer financial system that protects and promotes Americans’ jobs, savings, retirements and more. To learn more, visit www.bettermarkets.com.
