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Policymakers Need to Increase Data Collection to Address the Growing Impact of Climate Change on Insurance

WASHINGTON, DC – Dennis Kelleher, Co-founder, President, and CEO, issued the following statement on Better Markets joining leading progressive advocacy groups, including Public Citizen, in a letter supporting the Federal Insurance Office’s (FIO) Climate-Related Financial Risk Data Collection efforts and urging the Office of Management and Budget (OMB) to approve the collections. “As the climate crisis […]

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We Welcome the FDIC, Federal Reserve, and OCC’s Climate-Related Financial Risk Management Guidance, But Stronger Action Is Needed and Long Overdue

WASHINGTON, D.C.— Dennis M. Kelleher, Co-founder, President, and CEO issued the following statement in response to today’s interagency policy statement on Principles for Climate-Related Financial Risk Management for Large Financial Institutions. “We applaud the FDIC, Federal Reserve, and OCC (“Agencies”) for recognizing the serious risks climate events present to the safety and soundness of banks, […]

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The SEC’s Predictive Data Analytics Rule is Essential to Protect Investors from Conflicts of Interest as Financial Firms Increasingly Use Artificial Intelligence

WASHINGTON, D.C.— Legal Director and Securities Specialist Stephen Hall issued the following statement in connection with the release of a Fact Sheet concerning the Securities and Exchange Commission’s proposed rule to eliminate certain conflicts of interest associated with the use of predictive data analytics (PDA) by broker-dealers and investment advisers. The comment period for the […]

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Media Advisory: Scott Farnin of Better Markets to Speak on Panel at Federal Reserve Bank of New York Fintech Conference

WASHINGTON, DC –Scott Farnin, Legal Counsel, will be speaking on a panel at The Fourth New York Fed Conference on Fintech: Artificial Intelligence and Digital Assets on Friday, September 29. Scott Farnin is a panelist on the “Approaches to Regulating Crypto” panel which will focus on securities regulation, crypto investor protection, and outstanding issues with […]

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At Upcoming Meeting, SEC Should Adopt Strong Enhancements to ESG Mutual Funds and ETFs “Names Rule” to Protect Investors from Greenwashing

WASHINGTON, D.C.—On Wednesday, September 20th, the U.S. Securities and Exchange Commission (SEC) will consider whether to adopt proposed rules governing investment company names (which includes mutual funds, ETFs, BDCs, etc.) that are likely to mislead investors about the fund’s investments and risks. Better Markets’ Legal Director and Securities Specialist Stephen Hall released the following statement in anticipation […]

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Lone Wells Fargo Executive Charged Criminally, Carrie Tolstedt, to be Sentenced Tomorrow for Crimes in Phony Accounts Scandal

Highest-Level Conviction for Major Financial Institution Executive in Years To:       Interested Parties From:  Dennis Kelleher, President and CEO (Media Contact: Anton Becker, Dir. of Communications  abecker@bettermarkets.org) Date:   September 14, 2023 Re:       Sentencing of Former Wells Fargo Senior Executive for Role in Phony Accounts Scandal At long last a senior bank executive may be going to […]

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FDIC Must Ensure Large Banks, Not Community Banks, Pay for the Losses to Deposit Insurance Fund Resulting from Recent Bank Failures

WASHINGTON, D.C.— Dennis M. Kelleher, Co-founder, President, and CEO of Better Markets, issued the following statement on the filing of Better Markets’ Comment Letter to the Federal Deposit Insurance Corporation (FDIC) in response to the agency’s proposed rule for special assessments to recover losses resulting from the protection of uninsured depositors at the failed Silicon […]

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Better Markets Webinar: The Future of Crypto Regulation

For years now, too many leaders, influencers, and gatekeepers in finance from Silicon Valley to Wall Street as well as many in Washington either looked the other way or blindly supported the crypto industry as it worked relentlessly to infiltrate our financial system and rewrite the laws and rules to benefit the industry. Nothing slows […]

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The Latest Goldman Sachs Scapegoat: Roger Ng to Be Sentenced in Connection with 1MDB Crimes

To:       Interested Parties From:  Dennis Kelleher, President and CEO (Media Contact: Madeline Tucker, Press Secretary, mtucker@bettermarkets.org) Date:   March 8, 2023, sentencing on March 9, 2023 Re:       Former Goldman Sachs Partner Roger Ng to Face Sentencing for 1MDB Crimes Of the 30 officers and executives at Goldman Sachs involved in enabling the looting and global money-laundering […]

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Super Bowl Sunday: Leveling the Playing Field

In between the commercials and dip this #SuperBowl Sunday, think about why we trust the results. It’s because we have clear rules and impartial officials. We need the same rules, effective enforcers, and accountability for our markets and economy. At Better Markets, we’re working to push policymakers to enact – and independent regulators to enforce – […]

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