FOR IMMEDIATE RELEASE Wednesday, December 9, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] SEC Approval of Market Data Rules Has Potential to Increase Access to Data Positive Step But More is Needed to Rid Conflicts-of-Interest Washington, D.C. – Lev Bagramian, Senior Securities Policy Advisor at Better Markets, issued the following statement in response […]
FOR IMMEDIATE RELEASE Tuesday, December 8, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Stephen Hall, Legal Director and Securities Specialist for Better Markets, issued the following statement upon release of a white paper on the dangers of forcing financial regulators to conduct cost-benefit analysis: “For decades, the financial services industry has […]
FOR IMMEDIATE RELEASE Tuesday, December 8, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] The CFTC’s Failure to Address Electronic Trading Risks Leaves Derivatives Markets Vulnerable to Flash Crashes Washington, D.C. – Joseph Cisewski, Senior Derivatives Consultant and Special Counsel at Better Markets, issued the following statement with respect to the Commodity Futures […]
FOR IMMEDIATE RELEASE Friday, Dec. 4, 2020 Contact: Pamela Russell at [email protected] WASHINGTON, D.C. — Better Markets today released a White Paper that details how key Federal Reserve actions since 2018 have significantly weakened banking protection rules, making the economy and financial system more vulnerable to another crash, endangering Main Street families and businesses. Tim P. […]
FOR IMMEDIATE RELEASE Tuesday, Dec. 1, 2020 Contact: Pamela Russell at [email protected] Better Markets Releases Report Celebrating 10-Year Anniversary Major Milestone Reflects Nonprofit’s Success in Taking on Wall Street and Fighting for Main Street Families, Businesses and Community Banks WASHINGTON, D.C. — In recognition of its 10-year anniversary, Better Markets released a Report […]
FOR IMMEDIATE RELEASE Monday, November 23, 2020 Contact: Pamela Russell at [email protected] CFTC Staff Report on WTI Negative Pricing and Trading Irregularities Lacks Clear Objectives and Objectivity Washington, D.C. – Joseph R. Cisewski, Senior Derivatives Consultant and Special Counsel for Better Markets, issued the following statement regarding the Commodity Futures Trading Commission’s (CFTC) staff […]
FOR IMMEDIATE RELEASE Friday, November 20, 2020 Contact: Pamela Russell at [email protected] Better Markets Applauds CFTC Decision Not to Encourage Regulatory Arbitrage through Expansive Exemptions for Foreign Clearinghouses Washington, D.C. – Joseph R. Cisewski, Senior Derivatives Consultant and Special Counsel for Better Markets, issued the following statement regarding the Commodity Futures Trading Commission’s […]
FOR IMMEDIATE RELEASE Thursday, November 19, 2020 Contact: Pamela Russell at [email protected] The CFTC Should Not Have Permanently Codified Supposedly Transitional Exemptions from Competitive Trading Washington, D.C. – Joseph R. Cisewski, Senior Derivatives Consultant and Special Counsel for Better Markets, issued the following statement regarding the Commodity Futures Trading Commission’s (CFTC) action to […]
FOR IMMEDIATE RELEASE Monday, Nov. 2, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] SEC’s Expansion of Dark Markets Will Harm Investors and Public Markets Washington, D.C. – Lev Bagramian, Senior Securities Policy Advisor at Better Markets, issued the following statement in response to the Securities and Exchange Commission’s approval of rules that will expand the ability […]
In the Middle of a Pandemic, Heartless CFPB Finalizes Rule Benefiting Predatory Debt Collectors at the Expense of Struggling Main Street Families FOR IMMEDIATE RELEASE Friday, October 30, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, released the following statement regarding the […]
FOR IMMEDIATE RELEASE Wednesday, October 28, 2020 Contact: Pam Russell at [email protected] Washington, D.C. – Joseph R. Cisewski, Senior Derivatives Consultant and Special Counsel for Better Markets, issued the following statement regarding the Securities and Exchange Commission’s (SEC) finalization of a new framework governing derivatives use by certain registered funds: “The 2008 financial crisis demonstrated […]
FOR IMMEDIATE RELEASE Monday, October 26, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Keep Your Eyes on the Supreme Court And Your Hands on Your Wallet Judge Barrett’s Confirmation to the Court Means More Financial Abuse Without a Remedy Washington, D.C.—Stephen W. Hall, Legal Director and Securities Specialist for Better Markets, issued the following statement following […]
FOR IMMEDIATE RELEASE Thursday, October 22, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, issued the following statement regarding a new Report on the details of the previously released RAP Sheet Report on Goldman Sachs’ 20 years of illegal activities: “Goldman […]
FOR IMMEDIATE RELEASE Tuesday, October 20, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, released the following statement regarding the rulemakings today by the Federal Deposit Insurance Corporation (FDIC), which will also be adopted by the OCC and Federal Reserve: “It […]
FOR IMMEDIATE RELEASE Thursday, October 15, 2020 Contact: Pamela Russell at [email protected] Washington, D.C. – Joseph R. Cisewski, Better Markets’ Senior Derivatives Consultant and Special Counsel, today condemned the Commodity Futures Trading Commission’s (CFTC) final position limits framework for derivatives on physical commodities, explaining that it will increase costs on working families, farmers and producers: […]
FOR IMMEDIATE RELEASE Thursday, October 8, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Stephen W. Hall, Legal Director and Securities Specialist for Better Markets, issued the following statement on the eve of the confirmation hearings for Supreme Court nominee Judge Amy Coney Barrett and released a Report on the financial and […]
FOR IMMEDIATE RELEASE Thursday, October 1, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Stephen W. Hall, Legal Director and Securities Specialist for Better Markets, issued the following statement after Better Markets filed its comment letter on the Qualified Mortgage proposal issued by the Consumer Financial Protection Bureau (“CFPB”): “In its latest […]
FOR IMMEDIATE RELEASE Tuesday, September 29, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, released the attached Report on JPMorgan Chase’s 20-year-long RAP sheet and issued the following statement in connection with media reports that the bank is negotiating a favorable […]
FOR IMMEDIATE RELEASE Wednesday, September 23, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Lev Bagramian, Senior Securities Policy Advisor at Better Markets, issued the following statement in response to the Securities and Exchange Commission’s vote on the changes to the Whistleblower Program: “Today, the Trump administration’s SEC—in a partisan vote and […]
FOR IMMEDIATE RELEASE Wednesday, September 23, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Lev Bagramian, Senior Securities Policy Advisor at Better Markets, issued the following statement in response to the Securities and Exchange Commission’s partisan vote on a shareholder proposals’ rule: “Today, the Trump administration’s SEC once again fed the swamp […]
FOR IMMEDIATE RELEASE Thursday, September 17, 2020 Contact: Pamela Russell at [email protected] Washington, D.C. – Joseph R. Cisewski, Senior Derivatives Consultant and Special Counsel for Better Markets, issued the following statement with respect to the Commodity Futures Trading Commission’s (CFTC) finalization of new real-time public reporting regulations: “Earlier this morning, the CFTC finalized a unanimous, […]
FOR IMMEDIATE RELEASE Tuesday, September 15, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Sen. Sherrod Brown (D-Ohio), ranking member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, discussed the current state of financial reform with Better Markets’ President and CEO Dennis Kelleher Tuesday during a webinar held on […]
FOR IMMEDIATE RELEASE Monday, September 14, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Stephen W. Hall, Legal Director and Securities Specialist for Better Markets, issued the following statement on the filing of a friend-of-the-court brief with the Supreme Court in support of a petition for certiorari filed in New England Teamsters […]
FOR IMMEDIATE RELEASE Tuesday, September 8, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, issued the following statement in connection with the release of a Report on Goldman Sachs’ RAP sheet and the Department of Justice’s settlement discussions regarding the bank’s […]
FOR IMMEDIATE RELEASE Thursday, September 3, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Stephen W. Hall, Legal Director and Securities Specialist for Better Markets, issued the following statement after Better Markets filed its comment letter on the so-called “true lender” proposal issued by the Office of the Comptroller of the Currency […]
FOR IMMEDIATE RELEASE Wednesday, September 2, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Stephen W. Hall, Legal Director and Securities Specialist for Better Markets, issued the following statement on the eve of tomorrow’s hearing set by the Department of Labor (“DOL”) on its proposed rule that will allow financial advisers to […]
FOR IMMEDIATE RELEASE Friday, August 28, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Joseph Cisewski, Senior Derivatives Consultant and Special Counsel at Better Markets, issued the following statement with respect to the Commodity Futures Trading Commission’s (CFTC) proposed regulations governing electronic trading principles: “Electronic trading, while often beneficial to market quality, […]
FOR IMMEDIATE RELEASE Thursday, August 27, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Lev Bagramian, Senior Securities Policy Advisor at Better Markets, issued the following statement in response to the Securities and Exchange Commission’s approval of the proposed Discretionary Limit, or D-Limit, order type from exchange operator IEX Group: “The Investors […]
FOR IMMEDIATE RELEASE Wednesday, August 26, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Lev Bagramian, Senior Securities Policy Advisor at Better Markets, issued the following statement in response to the Securities and Exchange Commission’s approval of two rules friendly to corporations and Wall Street—Regulation S-K modernization and “accredited investor” definition: “”The […]
FOR IMMEDIATE RELEASE Thursday, August 13, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued the following statement in connection with a letter sent with 16 other prominent organizations urging the Federal Reserve to not weaken rules preventing private equity firms from getting public […]
FOR IMMEDIATE RELEASE August 12, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Stephen W. Hall, Legal Director and Securities Specialist for Better Markets, issued the following statement on today’s Fourth Circuit decision upholding an arbitration award in favor of investors harmed by a broker’s rule violations in Interactive Brokers LLC v. Saroop. […]
FOR IMMEDIATE RELEASE Wednesday, August 12, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Better Markets has joined other public interest groups in urging the Consumer Financial Protection Bureau to reinstate a once-prominent link on its homepage that provided vital information to consumers and helped hold financial companies accountable for their actions. […]
FOR IMMEDIATE RELEASE Tuesday, August 11, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, issued the following statement in connection with the filing of a joint letter seeking more information about the potential impact of the recently proposed capital framework for […]
FOR IMMEDIATE RELEASE Friday, August 7, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Stephen W. Hall, Legal Director and Securities Specialist for Better Markets, issued the following statement on the filing of a comment letter urging the Department of Labor (“DOL”) to withdraw its proposed rule that will allow financial advisers […]
FOR IMMEDIATE RELEASE Tuesday, August 4, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, made the following statement in connection with the filing of a comment letter on the Consumer Financial Protection Bureau’s (CFPB) proposed rule on time-barred debt: “Continuing its […]
FOR IMMEDIATE RELEASE Tuesday, August 4, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, sends letter to the Chairman of the Federal Reserve, Jerome Powell, opposing the Fed’s lobbying Congress to weaken the leverage ratio applicable to Wall Street’s biggest, most […]
FOR IMMEDIATE RELEASE Wednesday, July 29, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, sends letter to Senate Banking Committee detailing why the leverage ratio and banks’ capital cushions are so important to financial stability and to avoiding taxpayer bailouts of […]
FOR IMMEDIATE RELEASE Friday, July 24, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, issued the following statement in response to reports that Goldman Sachs Group Inc. settled with Malaysia regarding its illegal conduct related to the looting of 1Malaysia Development […]
FOR IMMEDIATE RELEASE Thursday, July 23, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, issued the following statement with respect to the Commodity Futures Trading Commission’s (CFTC) proposed regulations governing the cross-border application of U.S. law: “The old saying ‘Banks live […]
FOR IMMEDIATE RELEASE Wednesday, July 22, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Joseph R. Cisewski, Senior Derivatives Consultant and Special Counsel for Better Markets, issued the following statement with respect to the Commodity Futures Trading Commission’s finalization of minimum capital requirements for swap dealers, and others: “This afternoon, the CFTC […]
FOR IMMEDIATE RELEASE Wednesday, July 22, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Lev Bagramian, Senior Securities Policy Advisor for Better Markets, issued the following statement regarding the Securities and Exchange Commission’s final vote today on a proxy advisory firm rule that will negatively impact investors. “Today, in what has now become […]
FOR IMMEDIATE RELEASE Monday, July 20, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Better Markets will release two new reports on Tuesday, July 21, on the 10-year anniversary of the signing of the Dodd-Frank and Financial Reform Act. The reports are being released during a virtual conference, Ten Years After […]
FOR IMMEDIATE RELEASE Thursday, July 16, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Dennis M. Kelleher, President and CEO of Better Markets, and Chris Jurgens, Director at Omidyar Network, issued the following statement today announcing a new partnership as part of Omidyar Network’s ‘Reimagining Capitalism’ program: “Long before the coronavirus […]
FOR IMMEDIATE RELEASE Thursday, July 9, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, issued the following statement in response to a story today that resulted from “numerous calls and emails from Wall Street’s biggest banks” and their “Washington […]
FOR IMMEDIATE RELEASE Wednesday, July 8, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Better Markets today released a White Paper that details how the Dodd-Frank Act and other banking reforms over the last 10 years have prevented a crash of the banking system similar to the one experienced in 2008. Dennis […]
FOR IMMEDIATE RELEASE Wednesday, July 8, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Better Markets has joined other public interest groups to urge the Department of Labor to extend the comment period on a rule that would take away protections for retirees. Stephen W. Hall, Legal Director and Securities Specialist for […]
FOR IMMEDIATE RELEASE Tuesday, July 7, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, issued the following statement in response to the Consumer Financial Protection Bureau’s (CFPB) announcement today of a new payday lending rule: “No one in his or her […]
FOR IMMEDIATE RELEASE Tuesday, July 7, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Better Markets and George Washington University Law School’s Business and Finance Law Program will co-host a virtual conference on Tuesday, July 21, the 10th anniversary of the signing of the Dodd-Frank Act, the most sweeping financial reform […]
FOR IMMEDIATE RELEASE Thursday, July 2, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Stephen W. Hall, Legal Director and Securities Specialist for Better Markets, issued the following statement on the FDIC’s rule proposal that threatens to ramp up the acquisition of industrial banks by commercial enterprises. “The FDIC is proposing to […]
FOR IMMEDIATE RELEASE Wednesday, July 1, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, issued the following statement in response to reports that Goldman Sachs Group Inc. and the Department of Justice are close to a deal that would allow the […]
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