Press Releases | Better Markets

Better Markets Commends the CFTC’s Bipartisan Final Rule Increasing Transparency in the Swaps Markets

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, […]

Sen. Brown Says Financial System Should be a Public Good; Better Markets’ Kelleher Identifies Top Priorities to Avoid Another Crash During Webinar on State of Financial Reforms

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 […]

Supreme Court Should Hold Private Equity Funds Accountable When They Try to Walk Away from Workers’ Underfunded Pension Plans

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 […]

DOJ Must Consider Goldman Sachs’ Two-Decade-Long RAP Sheet of Repeated Illegal Conduct When Punishing the Unrepentant, Recidivist Bank for Enabling 1MDB’s Global Crime Spree

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 […]

The OCC’s Latest Assault on Consumer Protection Under State Law Should Be Abandoned

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 […]

The Department of Labor’s Hearing on its Financial Adviser Proposal Is a Sham Designed to Limit Public Criticism of a Deeply Flawed Rule

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 […]

The CFTC’s Misdirection on Electronic Trading Risks Leaves Derivatives Markets Vulnerable to Flash Crashes and Other Market Disruptions

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, […]

SEC’s Approval of IEX’s D-Limit Order Type the Right Move for Investors

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 […]

SEC Once Again Caters to Wall Street, Big Corporations with Approval of Changes to Regulation S-K and Accredited Investor Definition

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 […]

Federal Reserve Must Stop Predatory, Wealth-Extraction Private Equity Firms from Getting Bailed out With Public Funds Meant for Main Street; Better Markets Joins Coalition to Urge Fed to Follow the Law

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 […]

A Win for Investors: The Fourth Circuit Sides with Better Markets, Holding That Brokers Can Be Held Accountable in Arbitration for Violating Their Own Rulebook

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. […]

CFPB Should Be Protecting Consumers, Not Hiding Complaint Database Information from Them; Better Markets Joins Nearly 25 Other Groups to Urge the CFPB to Reinstate Easy Access

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. […]

To Prevent Future Taxpayer Bailouts, Better Markets Joins with Prominent Public Interest Groups Seeking Information About the FHFA’s Proposed GSE Capital Framework

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 […]

The Department of Labor’s Proposal Will Allow Predatory Financial Advisers to Continue Ripping Off Retirees and Those Saving for Retirement

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 […]

Consumer Financial Protection Bureau Reaches New Low in Unleashing Predators on Poor People; CFPB Should Be Known as the Financial Predator Protection Bureau

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 […]

Letter to Chairman Jay Powell Opposing Fed Lobbying to Weaken the Capital Leverage Ratio, Endangering the Banking System and Making Bailouts More Likely

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 […]

Wall Street Again Shamelessly Using Pandemic as a Pretext to Get More Deregulation: Lowering Capital Leverage Ratio Endangers Banking System, Makes Bailouts Likely

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 […]

Goldman Sachs’ 1MDB Settlement Today Leaves a Department of Justice Resolution, Which Must Include a Criminal Guilty Plea, $5+ Billion Fine, Independent Monitor: Malaysia Settlement Included Terms Better Markets Suggested

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 […]

The CFTC Recklessly Outsources the Protection of American Taxpayers to Foreign Regulators Who Have Repeatedly Failed to Protect Their Own Taxpayers

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 […]

The CFTC’s Final Capital Rule for Swap Dealers May Give the Appearance of Progress Without Making the Derivatives Markets More Resilient

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 […]

SEC Sides with Powerful Corporations Against the Interest of Investors

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 […]

On 10th Anniversary of Dodd-Frank Act, Better Markets Releases Two Reports: One Report on the Dodd-Frank Act Under Presidents Obama and Trump, and One Report on President Obama’s Fight for Financial Reform

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 […]

Better Markets and Omidyar Network Team Up to Fight for Americans’ Economic Prosperity

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 […]

Wall Street’s Too-Big-To-Fail Bailed-Out Banks and their Washington Lobbyists Shamelessly Push Bogus Story With Half-Truths When They Should Be Celebrating 10th Anniversary of Dodd-Frank Act

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 […]

Better Markets Releases White Paper Detailing How the Dodd-Frank Act and Other Banking Reforms Have So Far Prevented a Banking Crash

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 […]

Better Markets Joins Other Public Interest Groups Urging Trump’s DOL Not to Illegally Take Away Retirees’ Protections

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 […]

Consumer Financial Protection Bureau (CFPB) Now the Financial Predators Protection Bureau (FPPB)–Enables Debtors’ Prisons Without Bars by Protecting Predatory Payday Lenders, Not Main Street Consumers

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 […]

President Obama, Chris Dodd, Barney Frank, Elizabeth Warren and Others Speaking at Virtual Event Commemorating 10 Year Anniversary of Dodd-Frank Act

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 […]

Better Markets Opposes FDIC Proposal Encouraging Dangerous Combinations of Banking and Commerce

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 […]

Goldman Sachs’ 1MDB Crimes Merit Severest Punishment from DOJ, Including a Criminal Guilty Plea, $5B+ Fine, Independent Monitor and More

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 […]

Another Supreme Court Anti-Consumer, Pro-Predator, Pro-Corporate Decision Reduces CFPB Independence

FOR IMMEDIATE RELEASE Monday, June 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, issued the following statement in response to the Supreme Court decision in the Seila Law v. CFPB case: “Today, the Supreme Court overruled Congress’s decision to create […]

Fed’s Stress Test Actions Allowing Capital Payouts in the Middle of an Historic Economic Crisis Undermines Its Credibility and Makes Bank Failures and Bailouts More Likely

FOR IMMEDIATE RELEASE Thursday, June 25, 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 Federal Reserve’s release of 2020 stress tests and aggregate pandemic-informed scenarios: “While the Fed is right that ‘the banking […]

Latest Weakening of Volcker Rule Re Covered Funds Creates Multiple Loopholes, Endangers Financial Stability and Makes Bailouts More Likely

FOR IMMEDIATE RELEASE Thursday, June 25, 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 Federal Deposit Insurance Corporation’s (FDIC) final rulemaking to amend the Volcker Rule’s covered funds provisions: “The Volcker Rule […]

In Unlawfully Eliminating Inter-Affiliate Margin, Bank Regulators Hand Wall Street’s Biggest Banks Nearly $40 Billion, About One-Third of All Regulatory Initial Margin

FOR IMMEDIATE RELEASE Thursday, June 25, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Joseph R. Cisewski, Senior Derivatives Consultant and Special Counsel with Better Markets, issued the following statement with respect to the Federal Deposit Insurance Corporation’s (FDIC) elimination of initial margin on inter-affiliate derivatives: “Margin on derivatives transactions is a […]

CFTC Rule to End Anti-Competitive, Anti-Market Post-Trade Name Give-Up Practice Imposed by Wall Street’s Largest Derivatives Dealers is a Good Initial Step

FOR IMMEDIATE RELEASE Thursday, June 25, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Joseph R. Cisewski, Senior Derivatives Consultant and Special Counsel with Better Markets, issued the following statement regarding the Commodity Futures Trading Commission’s (CFTC) adoption of a prohibition on post-trade name give-up: “We commend the CFTC for partially heeding […]

Bank Regulators are Paving the Way for Loan Sharks, Payday Lenders and Debt Collectors to Gouge Consumers with Sky-High Interest Rates

FOR IMMEDIATE RELEASE Thursday, June 25, 2020 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Tim P. Clark, Distinguished Senior Banking Adviser for Better Markets, issued the following statement on the FDIC’s release today of its final rule aimed at overriding state consumer protection laws: “The FDIC has now delivered the second blow […]

While American Workers Face Ongoing Struggle to Save for Retirement, Department of Labor Appears Poised to Strip Them of Important Protections

FOR IMMEDIATE RELEASE Contact: Pamela Russell at 202-618-6433 or [email protected], D.C.—Better Markets joined with AFL-CIO, AFREF, CFA and PIABA in releasing the following statement in response to the DOL’s expected release of its new investment advice rule for retirement plans: “With the country struggling to address pandemic-related economic disruptions that have made it harder than […]

SEC Chair Clayton’s Anti-Investor, Pro-Wall Street Record

FOR IMMEDIATE RELEASE Monday, June 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 in response to the reports that SEC Chairman Jay Clayton is going to be nominated to be the U.S. Attorney for the Southern […]

In a Resounding Victory for Investors, the Supreme Court Upholds the SEC’s Right to Force Fraudsters to Surrender Their Ill-Gotten Gains

FOR IMMEDIATE RELEASE Monday, June 22, 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 SEC’s victory before the U.S. Supreme Court upholding the agency’s right to obtain disgorgement from those who violate the securities laws […]

Today’s Decision from the D.C. Circuit is a Setback for Investors Who Need Protection from Rigged and Predatory Stock Markets

FOR IMMEDIATE RELEASE Tuesday, June 16, 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 decision from the U.S. Court of Appeals for the D.C. Circuit in NYSE V. SEC, which struck down the “maker-taker” pilot […]

The FDIC’s Proposal on Brokered Deposits Will Weaken Banks and Cost Taxpayers Money—For No Good Reason

Washington, D.C. – Stephen W. Hall, Legal Director and Securities Specialist for Better Markets, issued the following statement on the comment letter filed with the Federal Deposit Insurance Corporation (FDIC), which would give less than well-capitalized banks more access to risky brokered deposits: “This proposal is a classic example of arbitrary and capricious rulemaking. It […]

Better Markets Statement on the Murder of George Floyd and Racism

All of us at Better Markets are deeply saddened by the recent killings of George Floyd, Ahmaud Arbery, Breonna Taylor and so many others. That indifference to human life and the humanity of our fellow citizens is shocking and intolerable. These tragedies—and the many other examples of police and official violence against minorities—have once again […]

Today’s Record SEC Whistleblower Award of Nearly $50 Million Recovered as Much as $450 Million for Investors; Better Markets Releases White Paper on SEC’s Whistleblower Program: A “$2 Billion Success Story”

FOR IMMEDIATE RELEASE Thursday, June 4, 2020 Contact: [email protected] or 202-618-6433 Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued the following statement in response to today’s announcement by the Securities and Exchange Commission (SEC) of a record whistleblower award of almost $50 million to a single individual: “Today’s record award by the Securities […]

SEC Proposal Would Expose Investors to Dangerous Financial Products and Enable Companies in China, Other Countries to Raise Millions from U.S. Retailers

FOR IMMEDIATE RELEASE Wednesday, June 3, 2020 Contact: [email protected] or 202-618-6433 Washington, D.C. – Lev Bagramian, Senior Securities Policy Advisor with Better Markets, issued the following statement on Better Markets’ comment letter about the Securities and Exchange Commission’s latest efforts to further deregulate capital markets: “The SEC’s proposal would enable foreign companies—including companies domesticated in […]

Better Markets Urges CFBP Task Force to Help Consumers, not the Financial Industry

FOR IMMEDIATE RELEASE June 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 comment letter filed with the Consumer Financial Protection Bureau (“Bureau”), which calls on the Bureau’s taskforce on consumer protection law to help […]

Will the Fourth Circuit Protect Investors’ Rights to Recover for Broker Misconduct or Make a Flawed Arbitration System Even Worse? Argument Is Set for May 29, 2020

FOR IMMEDIATE RELEASE May 29, 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 oral argument in the U.S. Court of Appeals for the Fourth Circuit in a case that will determine whether injured investors can […]

The CFTC’s Proposed 48-Hour Delay for Block Trades Would Shut Off the Lights in the Swaps Markets

FOR IMMEDIATE RELEASE Friday, May 29, 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 (CFTC) proposed public swaps reporting and related regulations: “In 2013, the CFTC implemented the […]

The CFTC’s Proposed Position Limits would Not Stop Excessive Speculation but would Raise Costs on American Families, Farmers and Producers

FOR IMMEDIATE RELEASE Wednesday, May 27, 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 (CFTC) proposed speculative position limits framework: “In simple terms, position limits are restrictions on excessive […]

SEC’s Investor Advisory Committee Must Press for Reforms that Address Conflicts of Interest Among Credit Rating Agencies

FOR IMMEDIATE RELEASE Wednesday, May 20, 2020 Contact: Pamela Russell, 202-618-6433 or [email protected] SEC’s Investor Advisory Committee Must Press for Reforms that Finally Address Conflicts of Interest Among Credit Rating Agencies Ongoing Financial Turmoil Supplies Fresh Evidence of the Need for Action WASHINGTON, D.C. — Stephen W. Hall, Legal Director and Securities Specialist for Better Markets, issued […]

Taxpayers Have Been Forced Yet Again to Bail Out the Trillion-Dollar Money Market Fund Industry Because the SEC Has Been Derelict

FOR IMMEDIATE RELEASE Friday, May 8, 2020 Contact: Pamela Russell, 202-618-6433 or [email protected] Washington, D.C. – Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, issued the following statement on Better Markets’ comment letter calling on regulators to finish the job of regulating money market funds (MMFs) so they are no longer so […]

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