Washington, D.C. – Mona Benach has joined Better Markets as a Senior Securities Specialist. She comes to Better Markets from private practice in securities litigation, where she most recently served as Senior Counsel representing public corporations and individuals before the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB.) “Mona brings an […]
WASHINGTON, D.C.— Senators Jeff Merkley (OR), Sheldon Whitehouse (RI), Edward Markey (MA), Elizabeth Warren (MA), Chris Van Hollen (MD), and Dianne Feinstein (CA) sent a letter to the CFTC Chairman Rostin Behnam opposing KalshiEX LLC’s (Kalshi) proposal for self-certified political control event contracts. The Senators join Better Markets and hundreds of policymakers, advocacy groups, experts […]
WASHINGTON, D.C.— Legal Director and Securities Specialist Stephen Hall issued the following statement on the publication in the Environmental Law Reporter of an article supporting strong regulation of funds that offer investments focused on environmental, social, and governance (or “ESG”) factors: “ESG investing is attracting intense and growing interest among millions of investors who seek […]
WASHINGTON, D.C.— Legal Director and Securities Specialist Stephen Hall issued the following statement on the filing of Better Markets’ Comment Letter to the Consumer Financial Protection Bureau (CFPB) in support of the agency’s proposed rule to strengthen consumer protections in Property Assessed Clean Energy (PACE) financing programs: “The CFPB’s proposed rule will address a range […]
WASHINGTON, D.C.— Dennis M. Kelleher, Cofounder, President and CEO, issued the following statement in connection with Federal Reserve Board (Fed) and Federal Deposit Insurance Corporation (FDIC) bank capital rules: “Large bank capital requirements are the foundation of a safe, sound, and stable financial system that all Americans depend on to support and protect the economy, […]
WASHINGTON, D.C.— Dennis M. Kelleher, Co-founder, President, and CEO of Better Markets, issued the following statement on the filing of two Better Markets’ Comment Letters (here and here) to the Financial Stability Oversight Council (FSOC) in response to proposals that would improve the analytic framework used by the FSOC to carry out its critical mission […]
WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President, and CEO, issued the following statement in connection with Better Markets’ response to KalshiEx, LLC’s (Kalshi) failed rebuttal of Better Markets’ comment letter previously filed with the Commodities Futures Trading Commission (“CFTC”) opposing Kalshi’s election gambling proposal (Proposal). “Kalshi is asking the CFTC to approve its dangerous unlawful sneaky […]
WASHINGTON, D.C.—Today, the U.S. Securities and Exchange Commission (SEC) finalized a rule that requires publicly traded companies to disclose significant cybersecurity incidents and to inform investors about their policies and procedures regarding cybersecurity risk management. Legal Director and Securities Specialist Stephen Hall released the following statement: “Cybersecurity is one of the most important issues that […]
WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President, and CEO, issued the following statement in connection with the release of a Fact Sheet outlining Wall Street’s “Ten False Claims About Capital” ahead of the Federal Reserve (Fed) and the Federal Deposit Insurance Corporation (FDIC) meetings on Thursday, July 27, when they are expected to propose capital requirements. “Bank […]
Washington, D.C. – Dennis Kelleher, Co-Founder, President and CEO of Better Markets, announced today that Shayna Olesiuk, CFA, who most recently served as Deputy Director for Deposit Insurance and Risk Analysis in the Division of Insurance and Research for the Federal Deposit Insurance Corporation (FDIC), has joined Better Markets as Director of Banking Policy. “The recent […]
WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President, and CEO, issued the following statement welcoming Members of Congress as well as hundreds of advocacy groups, experts, and citizens in opposing KalshiEX, LLC’s (Kalshi) attempt to get the Commodities Futures Trading Commission (“CFTC”) to legalize gambling on U.S. elections. Congressman John Sarbanes and Jamie Raskin filed a comment […]
WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President, and CEO, issued the following statement in connection with Better Markets’ comment letter filed with the Commodities Futures Trading Commission (“CFTC”) regarding KalshiEX, LLC’s (Kalshi) self-certified political control event contract. Better Markets also led a letter from numerous organizations and individuals opposing Kalshi’s contract, including Public Citizen, Citizens United, and Take […]
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 […]
WASHINGTON, D.C.—Legal Director and Securities Specialist Stephen Hall issued the following statement on the filing of Better Markets’ Comment Letter to the Securities and Exchange Commission (SEC) in response to the agency’s proposed rule to strengthen and reinforce the requirements governing clearing agencies and better protect investors: “Clearing agencies play a crucial, if often underappreciated, […]
WASHINGTON, D.C.—Tomorrow, the House Financial Services Committee will hold hearings on the proxy voting process and the proxy advisor industry. Legal Director and Securities Specialist Stephen Hall released the following statement: “As these hearings begin, it is important to keep in mind that the right to vote on the election of corporate leaders and major […]
WASHINGTON, D.C.—Dennis Kelleher, Cofounder, President, and CEO, issued the following statement regarding a letter he sent to the leadership of the U.S. House Committee on Agriculture and the Committee on Financial Services expressing concerns with provisions in its Crypto Market Structure Discussion Draft (“Discussion Draft”): “As lawmakers consider the path forward on crypto regulation, they […]
WASHINGTON, D.C.—Today, the U.S. Securities and Exchange Commission (SEC) finalized rules in an attempt to address the risks posed to investors and the economy by money market funds (MMFs). Legal Director and Securities Specialist Stephen Hall released the following statement: “The rules adopted by the SEC today include important reforms, but they do not go […]
WASHINGTON, D.C.— Dennis M. Kelleher, Cofounder, President and CEO, issued the following statement in connection with the release of a fact sheet entitled “The Review Process for Bank Mergers and Acquisitions Is Seriously Deficient”: “America’s Main Street families benefit from a diversified banking system, from community banks to regional banks to large banks. Done right, […]
WASHINGTON, D.C.— Legal Director and Securities Specialist Stephen Hall issued the following statement in connection with the release of a Fact Sheet concerning investing with regard to environmental, social, and governance (ESG) factors, ahead of a House Financial Services Committee hearing: “The expression that people ‘vote with their feet’ has never been more true than […]
WASHINGTON, D.C.— Dennis M. Kelleher, Cofounder, President and CEO, issued the following statement in connection with Federal Reserve Board (Fed) Vice Chairman for Supervision Michael Barr’s speech on bank capital rules: “The only thing standing between a failing bank and a taxpayer bailout is the amount of capital a bank has to absorb its own […]
WASHINGTON, D.C.— Stephen Hall, Better Markets’ Legal Director and Securities Specialist, issued the following statement in connection with yesterday’s filing of an amicus curiae brief in the U.S. Supreme Court in Murray v. UBS Securities LLC. The brief was led by The Anti-Fraud Coalition and joined by Better Markets and The National Employment Lawyers Association: “Whistleblowers play […]
WASHINGTON, D.C.— Dennis M. Kelleher, Cofounder, President and CEO, issued the following statement on the Federal Reserve’s release of the 2023 Dodd-Frank Act stress test results: “Wall Street is the new Lake Wobegon where every gigantic bank again passed the Federal Reserve’s latest Dodd-Frank Stress Tests. But Wall Street being Wall Street, those banks aren’t […]
WASHINGTON, D.C.— Cantrell Dumas, Director of Derivatives Policy, issued the following statement on the release of Better Markets’ fact sheet “Grilling in the Face of Soaring Commodity Prices: Impact on Barbecue Essentials.” “Fire up the grills and get ready for a sizzling Fourth of July celebration! As families across the nation gear up for their […]
WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President, and CEO, issued the following statement after the announcement by the Commodity Futures Trading Commission (CFTC) that it has commenced a review of self-certified event contracts by KalshiEX, LLC (Kalshi) concerning which political party will be in control of each chamber of the U.S. Congress, under CFTC Regulation 40.11(c): […]
WASHINGTON, D.C.— Legal Director and Securities Specialist Stephen Hall issued the following statement in connection with the release of a Fact Sheet on the SEC’s market structure reforms and the role of cost-benefit analysis, ahead of a House Financial Services Committee hearing, where legislation involving those issue will be considered. “Anyone evaluating the SEC’s market […]
WASHINGTON, D.C.—Legal Director and Securities Specialist Stephen Hall issued the following statement on the filing of Better Markets’ Comment Letter to the Office of Management and Budget on proposed changes to its guidance for evaluating proposed federal agency rules: “This proposal represents an important and necessary step toward improving the regulatory process and ultimately the […]
WASHINGTON, D.C.— Dennis M. Kelleher, Cofounder, President and CEO, issued the following statement in connection with the Senate Banking Committee hearing on President Biden’s nominees to the Federal Reserve Board, Dr. Jefferson to be Vice Chair and Drs. Cook and Kugler to be Governors. A detailed overview of the nominees can be found here. “President […]
WASHINGTON, D.C.— Dennis M. Kelleher, Co-founder, President and CEO, issued the following statement in connection with Federal Reserve Board of Governors’ Chair Jay Powell’s Testimony before House and Senate hearings this week. Better Markets released a “6 Key Questions” Fact Sheet ahead of the hearings available here. “The Chair of the Federal Reserve Board is […]
Washington, D.C. – Dennis Kelleher, Co-Founder, President and CEO of Better Markets, announced today that Benjamin Schiffrin, who most recently served as Associate General Counsel in the Office of the General Counsel for the Securities and Exchange Commission (SEC), has joined Better Markets as Director of Securities Policy. “As the SEC fulfills its mission and mandate […]
WASHINGTON, D.C.— Legal Director and Securities Specialist Stephen Hall issued the following statement on a new Better Markets Fact Sheet released after CFPB Director Rohit Chopra appeared before House Financial Services Committee and Senate Banking oversight hearings. “The CFPB is under relentless attack from the financial industry and its allies in Congress precisely because it has […]
WASHINGTON, D.C.—Legal Director and Securities Specialist Stephen Hall issued the following statement on the filing of Better Markets’ Comment Letter to the Securities and Exchange Commission (SEC) in response to the agency’s reopening of the comment period for its proposed rule regarding amendments to the definition of “exchange” and alternative trading systems or “ATS”: “The […]
WASHINGTON, D.C.—Legal Director and Securities Specialist Stephen Hall issued the following statement on the filing of Better Markets’ Comment Letter to the Securities and Exchange Commission (SEC) in response to the agency’s proposed rule to bolster the security and resiliency of the technology infrastructure of the U.S. securities markets: “Cyber breaches and technological failures are […]
WASHINGTON, D.C.—Legal Director and Securities Specialist Stephen Hall issued the following statement on the filing of Better Markets’ comment letter with the Office of Information and Regulatory Affairs (“OIRA”) on its draft guidance to improve the process governing meetings with members of the public affected by executive branch federal rules: “The rules issued by federal […]
WASHINGTON, D.C.—Today, the U.S. Securities and Exchange Commission (SEC) finalized rules that will help prevent fraud in the derivatives markets and reduce the SEC’s reliance on credit ratings. Legal Director and Securities Specialist Stephen Hall released the following statement: “Security-based swaps or ‘SBS’ were among the complex, risky, and unregulated financial products that played a […]
WASHINGTON, D.C.—Legal Director and Securities Specialist Stephen Hall issued the following statement on the filing of Better Markets’ Comment Letter to the Securities and Exchange Commission (SEC) in response to the agency’s proposed rule to enhance cybersecurity preparedness, disclosure, and resiliency in our financial markets: “Corporate leaders and regulators all agree that cyberattacks are not […]
WASHINGTON, D.C.—Legal Director and Securities Specialist Stephen Hall issued the following statement on the filing of Better Markets’ Comment Letter to the Securities and Exchange Commission (SEC) in response to the agency’s proposed rule to bolster protections for customer information and require notice to individuals affected by a data breach at financial institutions: “It is […]
WASHINGTON, D.C.— Cantrell Dumas, Director of Derivatives Policy, issued the following statement on Better Markets’ fact sheet on speculators in the energy commodities markets: “This Memorial Day weekend marks the start of the summer driving season when many Americans will be hitting the road and dealing with the likelihood of increased gas prices. The higher costs […]
WASHINGTON, D.C.— Dennis M. Kelleher, Cofounder, President and CEO, issued the following statement in connection with today’s statements by Wall Street’s CEOs regarding the debt ceiling: “With virtually every financial instrument priced off of the risk-free rate of U.S. debt, a United States default on its debt for the first time in history and the […]
WASHINGTON, D.C.— Legal Director and Securities Specialist Stephen Hall issued the following statement on Better Markets’ fact sheet addressing stablecoins ahead of a House Financial Services Committee Hearing titled “Putting the ‘Stable’ in ‘Stablecoins:’ How Legislation Will Help Stablecoins Achieve Their Promise.” “The short history of stablecoins has been characterized by instability, bank-like runs, and the […]
WASHINGTON, D.C.— Stephen Hall, Better Markets’ Legal Director and Securities Specialist, issued the following statement in connection with today’s filing of an amicus curiae brief in the U.S. Supreme Court in CFPB v. Community Financial Services Association of America. The brief was led by the Lawyers’ Committee for Civil Rights Under Law and joined by Better Markets […]
WASHINGTON, D.C.— Dennis M. Kelleher, Cofounder, President and CEO, issued the following statement in connection with today’s release of Better Markets’ Banking Enforcement Report. The report is released ahead of a House Financial Services Committee and Senate Banking Committee oversight hearings with witnesses that include top regulators from the Federal Reserve, FDIC, and OCC. “The spectacular […]
WASHINGTON, D.C.— Dennis M. Kelleher, Co-founder, President, and CEO, issued the following statement in connection with releasing a Policy Brief entitled “Ten Actions Necessary to Prevent Large Bank Failures, Strengthen the Financial System, and Protect Main Street Families”: “The failures of First Republic Bank, Silicon Valley Bank (SVB), Signature Bank, and the ongoing banking crisis are […]
WASHINGTON, D.C.—Legal Director and Securities Specialist Stephen Hall issued the following statement on the filing of Better Markets’ Comment Letter to the Securities and Exchange Commission (SEC) in response to the agency’s proposed rule to enhance protections for client assets held or managed by registered investment advisers: “Investors simply must have confidence that when they […]
WASHINGTON, D.C.— Anton Becker, Better Markets Communications Director, issued the following statement in connection with Washingtonian Magazine’s selection of Better Markets Co-Founder, President and CEO Dennis Kelleher, being named as one of the most Influential people shaping policy in Washington, DC: “For the third year in a row, Washingtonian Magazine has identified Dennis Kelleher as among the […]
WASHINGTON, D.C.—Legal Director and Securities Specialist Stephen Hall issued the following statement on the filing of Better Markets’ Comment Letter to the Consumer Financial Protection Bureau (CFPB) in response to the agency’s proposed rule to reduce credit card penalty fees: “This rule will dramatically limit the credit card penalty fees that companies have used for […]
WASHINGTON, D.C.—Today, the U.S. Securities and Exchange Commission (SEC) finalized a rule that will provide regulators with information they need to address the threat of systemic risks and investor harms posed by private funds. Stephen Hall, Legal Director and Securities Specialist, issued the following statement on the approved rule. “One of the cardinal lessons of the […]
WASHINGTON, D.C.—Today, the U.S. Securities and Exchange Commission (SEC) finalized an important rule that will increase corporate transparency for the benefit of shareholders. Stephen Hall, Legal Director and Securities Specialist, issued the following statement on the approved rule. “Stock buybacks have grown substantially in recent years and increasingly they are used to enrich executives instead of […]
WASHINGTON, D.C.— Dennis M. Kelleher, Co-founder, President, and CEO, issued the following statement in connection with the FDIC’s seizure and sale of most of First Republic Bank to JPMorgan Chase: “While the regulators appear to have followed the law in seizing First Republic Bank by selling most of it to JPMorgan Chase, this process nonetheless again […]
WASHINGTON, D.C.— Dennis M. Kelleher, Co-founder, President, and CEO, issued the following statement in connection with the Federal Reserve Board’s (Fed) release of a report by the Vice Chair for Supervision Michael Barr on the causes of the collapse of Silicon Valley Bank (Report): “The Fed Vice Chair for Supervision (VCS) and his team deserve credit […]
WASHINGTON, D.C.— Dennis M. Kelleher, Co-founder, President, and CEO, issued the following statement in connection with Coinbase’s release today of its Wells submission to the Securities and Exchange Commission (SEC): “The latest PR move in Coinbase’s campaign against the SEC is its release today of its Wells submission to the SEC. Like reading only one side’s […]
For media inquiries, please contact [email protected] or 202-618-6433.
To sign up for our email newsletter, please visit this page.
"* (Required)" indicates required fields
please contact [email protected] 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.
