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In Major Victory for Investors, Federal Court Rejects Goldman Sachs’ Claim That Its Fraudulent Statements Were too “Generic” to Matter, as We Argued in the Supreme Court

FOR IMMEDIATE RELEASE Thursday, December 9, 2021 Contact: Doug Walker at 202-618-6430 or dwalker@bettermarkets.com Washington, D.C.  –  Stephen Hall, Legal Director and Securities Specialist for Better Markets, issued the following statement on the district court’s decision in In re Goldman Sachs Group, Inc. Securities Litigation, issued yesterday and  in line with our amicus brief filed […]

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Better Markets Launches a Real Time “Fed Cover Up Clock”

The Fed Continues to Stonewall the American People by Refusing to Disclose the Extent of Trading During the Pandemic by Fed Leaders and Staff   WASHINGTON, D.C.— Today, Dennis Kelleher, Co-founder, President, and Chief Executive Officer of Better Markets, issued the following statement announcing the launch of a real-time clock on its website www.bettermarkets.org that […]

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The Fed Trading Scandal Cover Up Must End

The Pandemic Trading Violated Clear Fed Policies and the Fed Must Tell The American People Who Else Traded During the Pandemic WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President and Chief Executive Officer of Better Markets, released the following statement in connection with a letter he sent to Federal Reserve Chairman Powell: “The Federal Reserve appears to […]

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Consumer Protection Will Again Be The Priority at the Consumer Financial Protection Bureau with New Director Rohit Chopra

WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President and Chief Executive Officer of Better Markets, released the following statement regarding the Senate’s confirmation of Rohit Chopra as Director of the Consumer Financial Protection Bureau (CFPB): “We applaud the Senate for confirming Rohit Chopra as the new Director of the Consumer Financial Protection Bureau (CFPB).  Mr. Chopra is […]

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New SEC General Counsel Dan Berkovitz Is Highly Qualified; Will Aggressively Fulfill SEC Mission to Protect Investors Without Fear or Favor

Washington, D.C.  –  Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, issued the following statement regarding today’s announcement of Dan Berkovitz as General Counsel of the U.S. Securities and Exchange Commission (“SEC”): “Dan Berkovitz, the SEC next General Counsel, is highly qualified for this position given his decades of varied experience.  His […]

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Contrary to His Testimony Before the Senate Banking Committee Today, Federal Reserve Chair Powell Has Dangerously Deregulated Banks,Making Crashes and Taxpayer Bailouts More Likely

WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President and Chief Executive Officer of Better Markets, released the following statement in response to statements made by Chairman Jay Powell during testimony to the Senate today: “Federal Reserve Chair Powell’s responses and non-responses today to Senator Warren’s laudable line of questioning on his dangerous and irresponsible deregulations were misleading,  […]

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Boston Fed President Rosengren’s Early Retirement Is Too Little, Too Late

Chair Powell Must End the Cover Up and Come Clean With The American People: Disclose Everyone At The Fed Who Engaged in Pandemic Profiteering Trading WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President and Chief Executive Officer of Better Markets, released the following statement in connection with the announcement that Boston Fed President Eric Rosengren is retiring […]

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Better Markets Releases Report: “Should Federal Reserve Chairman Jay Powell Be Reappointed?”

FOR IMMEDIATE RELEASE Monday, August 23, 2021 Contact: Doug Walker at 202-618-6430 or dwalker@bettermarkets.com  WASHINGTON, D.C.—Dennis Kelleher, Co-founder, President and Chief Executive Officer of Better Markets, made the following statement in connection the release of a new Report entitled “Should Federal Reserve Chairman Jay Powell Be Reappointed”:   As President Biden considers who should lead the […]

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Fed’s Creation of Standing Repo Facilities are a Dangerous Development

FOR IMMEDIATE RELEASE Wednesday, July 28, 2021 Contact: Doug Walker at 202-618-6430 or dwalker@bettermarkets.com WASHINGTON, D.C.—Dennis Kelleher, Co-founder, President and Chief Executive Officer of Better Markets, released the following statement in response to the Federal Reserve’s announcement that it is creating two standing repo facilities, one each for domestic and foreign firms:   “By creating standing […]

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