WASHINGTON, D.C.— Dennis M. Kelleher, President and CEO, issued the following statement upon the Senate’s confirmation of President Biden’s nominees Jamie Lizárraga and Mark Uyeda to serve as commissioners at the Securities and Exchange Commission:

“We applaud the Senate for confirming President Biden’s nominees Jamie Lizárraga and Mark Uyeda to serve as commissioners at the Securities and Exchange Commission (SEC).  The SEC has the vital missions of protecting investors and markets while promoting capital formation.  The SEC’s actions are key to ensuring that the U.S. continues to have the deepest, most liquid markets in the world as well as a vibrant, growing economy funded by those markets.

“The SEC has an appropriately ambitious agenda that seeks to level the playing field between Main Street investors and Wall Street firms. From SPACs and payment for order flow to the predatory gamification and the harmful expansion of dark private markets, the SEC’s to-do list is long and critically important.  We look forward to working with both Commissioners Lizárraga and Uyeda as the SEC works to carry out that agenda and to ensure our nation’s securities markets work to protect investors, promote financial stability, and grow our economy.”

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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.org.