FOR IMMEDIATE RELEASE Wednesday, December 26, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued the following statement in response to increasing speculation about the impact of computer trading on the stock market swings and precipitous drop: “Treasury Secretary Mnuchin along with many others have […]
FOR IMMEDIATE RELEASE Monday, December 24, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] TRUMP, MNUCHIN SHOULD REQUIRE SEC TO LAUNCH THE CONSOLIDATED AUDIT TRAIL (CAT) TO POLICE MARKETS AND STOP NEEDLESS COMPUTER-DRIVEN ALGO TRADING AND VOLATILITY Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued the following statement in response to Treasury Secretary Mnuchin’s concerns about the role of computers in […]
FOR IMMEDIATE RELEASE Wednesday, December 19, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Lev Bagramian, Senior Securities Policy Advisor for Better Markets issued this statement following approval of a pilot study on stock trading fees: “Today, the Securities and Exchange Commission moved to conduct a pilot study on the impact of legalized […]
FOR IMMEDIATE RELEASE Thursday, December 6, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Better Markets’ President and CEO, Dennis Kelleher, issued the following statement regarding the vote to confirm Kathy Kraninger as the next director of the Consumer Financial Protection Bureau (CFPB): “Reflecting the Trump administration’s anti-consumer, pro-predator ideology, Republican Senators today […]
FOR IMMEDIATE RELEASE Thursday, November 15, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] BETTER MARKETS WELCOMES MICHELLE BOWMAN TO THE CRUCIAL COMMUNITY BANK SEAT ON FEDERAL RESERVE BOARD Washington, D.C. – Better Markets President and CEO, Dennis Kelleher, issued the following statement following the Senate confirmation of Kansas State Banking Commissioner Michelle Bowman for a […]
FOR IMMEDIATE RELEASE Wednesday, November 14, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] THE ACID TEST FOR THE SEC’S MISSION CRITICAL CAT TOOL IS TOMORROW SEC MUST HOLD CONFLICTED INDUSTRY-LED EFFORT ACCOUNTABLE FOR UNACCEPTABLE DELAYS AND PROMPTLY TAKE MEANINGFUL ACTION Washington, D.C. – Better Markets President and CEO, Dennis Kelleher, issued the following statement on […]
FOR IMMEDIATE RELEASE Monday, November 5, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] THE CFTC’S SWAP EXECUTION FACILITIES (SEF) PROPOSAL RISKS RETURNING TO THE UNREGULATED SWAPS MARKET THAT CAUSED THE 2008 CRASH Washington, D.C. – Better Markets President and CEO, Dennis Kelleher, issued the following statement on the Commodity Futures Trading Commission (CFTC) proposed changes to the […]
FOR IMMEDIATE RELEASE Wednesday, October 31, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Fed S. 2155 Proposals Are Unjustified and Unwise Washington, D.C. – Better Markets President and CEO, Dennis Kelleher, issued the following statement regarding the Federal Reserve’s proposals on purported implementation of Senate Bill 2155, the bank deregulation bill signed into law earlier this […]
FOR IMMEDIATE RELEASE Thursday, October 18, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] WHAT HAS THE SEC LEARNED FROM ITS INVESTOR TESTING AND WHY WASN’T IT CONDUCTED SOONER? BETTER MARKETS FILES FOIA REQUEST TO FIND OUT Washington, D.C. – Following today’s filing of a Freedom of Information Act (FOIA) request with the Securities and Exchange Commission (SEC) for all […]
FOR IMMEDIATE RELEASE Thursday, October 18, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Regulators Should Not Repeat The Mistakes Of The Past By Unleashing Wall Street’s Biggest Banks To Gamble With Taxpayer Money The Volcker rule ban on prop trading should not be weakened Washington, D.C. – Following the submission of a comment letter on […]
FOR IMMEDIATE RELEASE Wednesday, October 17, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Following the de-designation by the Financial Stability Oversight Council (FSOC) of the Prudential Insurance Company as a systemically important nonbank financial institution (SIFI), Dennis Kelleher, president and CEO of Better Markets, issued the following statement: “By its action today […]
FOR IMMEDIATE RELEASE Thursday, October 4, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Statement on Sen. Sanders’ Bill to Break Up Too-big-to-fail Banks Washington, D.C. – Following the introduction of a bill by Senator Bernie Sanders to break up the biggest too-big-to-fail banks, Dennis Kelleher, president and CEO of Better Markets, issued the following statement: […]
FOR IMMEDIATE RELEASE Monday, October 1, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Following the settlement between Tesla CEO Elon Musk and the Securities and Exchange Commission, Dennis Kelleher, president and CEO of Better Markets, issued this statement: “The SEC settlement with Tesla and its CEO is a meaningless slap on the […]
FOR IMMEDIATE RELEASE September 27, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Better Markets today announced the addition of two new additions to Better Markets, bringing on Jack Reidhill as Chief Economist and Senior Banking Consultant, and Joseph Cisewski as Senior Derivatives Consultant and Special Counsel. Jack Reidhill, prior to joining […]
FOR IMMEDIATE RELEASE Thursday, September 20, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Email shows Goldman admitted it was “toast” and only survived due to government bailouts Washington, D.C. – On the tenth anniversary of Morgan Stanley and Goldman Sachs failing on Friday, September 20, 2008, Dennis Kelleher, President and CEO of Better […]
On Anniversary of Financial Crash, Court Keeps Records Secret From Public in MetLife v. FSOC FOR IMMEDIATE RELEASE Tuesday, September 18, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Following a decision today of the United States District Court for the District of Columbia rejecting efforts by Better Markets to force public disclosure […]
JP Morgan Chase CEO Jamie Dimon Needs to Read the Poll Released Today Before He Runs and Loses for President FOR IMMEDIATE RELEASE Wednesday, September 12, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Following comments today from JPMorgan Chase CEO Jamie Dimon about challenging President Trump in the 2020 presidential election, Dennis […]
FOR IMMEDIATE RELEASE Wednesday, September 12, 2018 New Poll Shows Bipartisan Majority of Voters Opposed to Weakening Financial Protection Rules On the 10th Anniversary of the Financial Crisis Research from Better Markets conducted by The Harris Poll finds a majority of American voters want to back candidates who want to rein in Wall Street […]
FOR IMMEDIATE RELEASE Thursday, September 6, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Following the announcement from the five Federal financial agencies responsible for oversight and enforcement of the Volcker Rule that they were extending the deadline for comments on proposed changes to the rule, Dennis Kelleher, president and CEO of Better […]
FOR IMMEDIATE RELEASE Tuesday, August 28, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – With the Senate Judiciary Committee poised to open hearings to consider Judge Brett Kavanaugh’s nomination to be an Associate Justice of the Supreme Court, Better Markets is issuing a report examining his record on economic and financial cases. The […]
FOR IMMEDIATE RELEASE Thursday, August 23rd, 2018 Contact: Nick Jacobs at 202-618-6433 or at [email protected] Washington, DC — Better Markets’ President and CEO, Dennis Kelleher, issued the following statement regarding the Senate Banking Committee vote to advance President Trump’s nomination of Kathy Kraninger to be the next director of the Consumer Financial Protection Bureau (CFPB): […]
FOR IMMEDIATE RELEASE Friday, August 17th, 2018 Contact: Brandon Richards at 202-618-6433 or at [email protected] Depriving Investors of Important Timely Information Is a Bad Idea and No Solution To Short-termism Which Is Caused by Bad Compensation Schemes Washington, DC — Better Markets’ President and CEO, Dennis Kelleher, issued the following statement in response to President Trump’s […]
FOR IMMEDIATE RELEASE Tuesday, August 14th, 2018 Contact: Brandon Richards at [email protected] or at 202-618-6433 The CFTC’S Loophole-Laden Proposed “De Minimis” Rule Baselessly Deregulates Derivatives in Violation of the Dodd-Frank Financial Reform Law Washington, DC — Better Markets’ President and CEO, Dennis Kelleher, issued the following statement regarding the Commodity Futures Trading Commission’s (CFTC) proposed […]
FOR IMMEDIATE RELEASE Tuesday, August 07, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] SEC’s Investment Advice Rule Needs An Overhaul Washington, D.C. – Stephen W. Hall, Legal Director and Securities Specialist for Better Markets, issued this statement following submission of Better Markets’ comment letter on the Securities and Exchange Commission’s (SEC) investment advice rule proposals: “Every […]
FOR IMMEDIATE RELEASE Tuesday, July 10, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Better Markets, Public Citizen, Americans for Financial Reform, and the Center for American Progress have sent a letter calling for an additional 90 days for the public to comment to the five federal financial regulators who have proposed rolling […]
FOR IMMEDIATE RELEASE Thursday, June28, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Lev Bagramian, Senior Securities Policy Advisor for Better Markets issued this statement following a vote by the Securities and Exchange Commission (SEC) to give itself discretion to determine whistleblower program rewards: “Today, the SEC voted to give itself authority that […]
FOR IMMEDIATE RELEASE Wednesday, May 30, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, president and CEO of Better Markets, issued this statement following the release of proposed changes to the Volcker Rule: “The Volcker Rule bans taxpayer backed banks from dangerous, destabilizing, high-risk and socially useless gambling called proprietary trading. It’s […]
FOR IMMEDIATE RELEASE Tuesday, May 22, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] HOUSE REPUBLICANS PASS DUMB, UNNECESSARY, AND POORLY-TIMED BANK DEREGULATION BILL Washington, D.C. – Dennis Kelleher, president and CEO of Better Markets, released this statement following House Republicans passage of the bank deregulation bill (S. 2155): “There are almost 6,000 banks in the […]
FOR IMMEDIATE RELEASE Wednesday, April 18, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement following the release of the Securities and Exchange Commission’s (SEC) investment advice rule proposal: “The SEC exists to protect investors and the law should unambiguously require investment professionals […]
FOR IMMEDIATE RELEASE Monday, March 26, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement following reports that the President of the San Francisco Fed has been selected to be the next President of the New York Fed: “After being AWOL and failing […]
FOR IMMEDIATE RELEASE Thursday, March 22, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement following the proposed cuts to the CFTC’s budget in the Congressional spending bill: “The Commodity Futures Trading Commission (CFTC) is the cop responsible for policing Wall Street’s biggest […]
FOR IMMEDIATE RELEASE Friday, March 16, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – The executive directors of Public Citizen and Better Markets, two of the nation’s leading organizations protecting investors, called on U.S. Securities and Exchange Commission (SEC) Chair Jay Clayton to reject any proposals that would allow publicly traded companies to […]
FOR IMMEDIATE RELEASE Thursday, March 15, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Stephen W. Hall, Legal Director and Securities Specialist for Better Markets, issued this statement following the decision by the U.S. Court of Appeals for the Fifth Circuit to vacate the Department of Labor’s best interest rule: “The Fifth Circuit’s […]
FOR IMMEDIATE RELEASE Wednesday, March 14, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement following the Senate passage of S. 2155 today: “Marking the tenth anniversary of the collapse of Bear Stearns and the onset of the 2008 financial crisis, the Senate […]
FOR IMMEDIATE RELEASE Wednesday, March 14, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement following the SEC’s announcement of a pilot program on rebates offered by exchanges to attract orders, also known as maker-taker: “In a victory for retail and long-term investors, […]
FOR IMMEDIATE RELEASE Tuesday, March 13, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Stephen W. Hall, Legal Director and Securities Specialist for Better Markets, issued this statement following the unanimous decision by the U.S Court of Appeals for the Tenth Circuit upholding the Department of Labor’s best interest rule in Market Synergy […]
FOR IMMEDIATE RELEASE Thursday, March 1, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement regarding Fed Chairman Jerome Powell’s testimony today before the Senate Banking Committee regarding S. 2155 and the potential deregulation of foreign banks in the U.S.: “Chairman Powell was […]
FOR IMMEDIATE RELEASE Tuesday, February 27, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement following a call by JP Morgan Chase to alter the capital buffers for GSIBs (global systemically important banks): “JP Morgan Chase claimed this morning that the critical capital […]
FOR IMMEDIATE RELEASE Wednesday, February 21, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement on the Treasury Department’s report on Orderly Liquidation Authority (OLA): “We applaud the Treasury Department’s recognition today that Orderly Liquidation Authority (OLA) is a critical tool the government […]
FOR IMMEDIATE RELEASE Monday, February 12, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement on President Trump’s 2019 budget requests for the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC): “We applaud the Trump Administration’s 2019 budget requests […]
FOR IMMEDIATE RELEASE Wednesday, January 31, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued the following statement on the decision by the D.C. Circuit Court of Appeals that a single director, independent of Congress and subject to dismissal only for cause, of the Consumer […]
FOR IMMEDIATE RELEASE Wednesday, January 10, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, president and CEO of Better Markets, issued the following statement following the Trump administration’s court filing seeking to stop states from protecting student borrowers under state consumer protection laws. If the Trump Administration is successful in preempting […]
FOR IMMEDIATE RELEASE Wednesday, January 10, 2018 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Recognizing the changing regulatory landscape, Better Markets is today launching a new blog to offer insights and perspectives on how these changes will impact both investors and markets. The new blog (hosted at https://bettermarkets.org/spotlight-series-investors-and-markets) will be called “Spotlight Series: […]
FOR IMMEDIATE RELEASE Monday, November 27, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Stephen W. Hall, Legal Director and Securities Specialist for Better Markets, issued this statement following the announcement by the Department of Labor (DOL) of an 18-month delay of key provisions in the “best interest” fiduciary rule. “Delaying the private […]
FOR IMMEDIATE RELEASE Wednesday, November 15, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, president and CEO of Better Markets, issued this statement following the transmission of the attached letter to the Securities and Exchange Commission (SEC) Chairman Jay Clayton and the other SEC Commissioners, applauding his decision not to delay […]
FOR IMMEDIATE RELEASE Wednesday, November 15, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, president and CEO of Better Markets, released this statement following the announced resignation of Richard Cordray as Director of the Consumer Financial Protection Bureau (CFPB): “CFPB Director Richard Cordray is a financial consumer protection superhero. In just […]
FOR IMMEDIATE RELEASE Tuesday, November 7, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, president and CEO of Better Markets, released this statement following a misleading quote by Republicans on the House Financial Services Committee in connection with the introduction of a new bill: “House Financial Services Committee Republicans take a […]
FOR IMMEDIATE RELEASE Tuesday, October 31, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Stephen W. Hall, Better Markets Legal Director & Securities Specialist, released the following statement on the amicus brief filed by the Securities and Exchange Commission (SEC) in support of whistleblower protections: “The Securities and Exchange Commission (SEC) understands that […]
FOR IMMEDIATE RELEASE Wednesday, October 25, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued the following statement in response to the vote in the U.S. Senate to throw out the Consumer Financial Protection Bureau’s (CFPB) rule prohibiting forced arbitration: “Forcing American consumers into arbitration […]
FOR IMMEDIATE RELEASE Wednesday, October 4, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] To: Editors and Reporters Covering SEC Chairman Clayton’s Testimony Before the House Financial Services Committee From: Lev Bagramian, Senior Securities Policy Advisor Subject: Issues to Watch For in Today’s Hearing In advance of SEC Chairman Jay Clayton’s oversight hearing before the House Financial […]
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.
