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 IMMEDIATE RELEASE Friday, September 29, 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 following the decision by the Financial Stability Oversight Council (FSOC) to de-designate AIG as a systemically important financial institution (SIFI). “FSOC’s action today removing the […]
FOR IMMEDIATE RELEASE Tuesday, September 26, 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 on SEC Chairman Jay Clayton’s testimony before the Senate Banking Committee regarding corporate disclosure of computer hacks: “The American people are extremely concerned about the epidemic of […]
FOR IMMEDIATE RELEASE Wednesday, September 26, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] TO: Editors and Reporters Covering SEC Chairman Clayton’s Testimony Before Senate Banking Committee FROM: Lev Bagramian, Senior Securities Policy Advisor SUBJECT: Issues to Watch for in Today’s Hearing Before Senate Banking In advance of SEC Chairman Jay Clayton’s first oversight hearing before […]
FOR IMMEDIATE RELEASE Wednesday, August 2, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis M. Kelleher, following the failure of the D.C. Circuit Court of Appeals to disqualify the Department of Justice in MetLife v. FSOC and granting an abeyance in the case until after the Treasury Department has issued its report […]
FOR IMMEDIATE RELEASE Tuesday, August 1, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Stephen Hall, Legal Director and Securities Specialist for Better Markets, released the following statement on today’s decision in MetLife v. FSOC directing the district court to review the portions of the record currently under seal: “Today’s decision directing the […]
FOR IMMEDIATE RELEASE Wednesday, July 26, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Stephen Hall, Legal Director and Securities Specialist for Better Markets, released the following statement on the organization’s filing of a motion to disqualify the Department of Justice in the MetLife v. FSOC case: “The Department of Justice has a […]
FOR IMMEDIATE RELEASE Thursday, July 20, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, released the following statement on the release of the SEC’s regulatory agenda: “Mr. and Ms. 401(k) would not be happy about the new regulatory agenda published by the SEC today. While […]
FOR IMMEDIATE RELEASE Wednesday, July 19, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, released the following statement on the quarterly results announced by JP Morgan Chase, Goldman Sachs, Morgan Stanley, Citigroup and Bank of America, merely days before the 7th Anniversary of the Dodd-Frank […]
FOR IMMEDIATE RELEASE Wednesday, July 12, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, released the following statement on the decision by the Court of Appeals for the 2nd Circuit in United States v. HSBC Bank to keep the report from the court-appointed monitor secret […]
FOR IMMEDIATE RELEASE Monday, July 10, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, released the following statement following the Consumer Financial Protection Bureau’s (CFPB) issuance of a final rule banning mandatory arbitration clauses: “Standing up to the most powerful, politically connected financial firms in […]
FOR IMMEDIATE RELEASE Wednesday, July 5, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, released the following statement regarding the brief filed by the Justice Department opposing the Chamber of Commerce and others in Chamber v. Department of Labor and arguing that the Department of […]
FOR IMMEDIATE RELEASE Thursday, June 29, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, released the following statement regarding the House bill passed by the appropriations subcommittee, which slashes and politicizes funding for the financial protection agencies: “Demonstrating the power, influence and brazenness of […]
FOR IMMEDIATE RELEASE Tuesday, June 13, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, president and CEO of Better Markets, released the following statement following the release of the Treasury Department’s first report on financial protection rules. “Dismantling the financial protection rules put in place to prevent Wall Street […]
FOR IMMEDIATE RELEASE Thursday, June 8, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, president and CEO of Better Markets, released the following statement as the core provisions of the Department of Labor’s “best interest” fiduciary rule are set to go into effect on Friday, June 9. “Tomorrow will be a […]
FOR IMMEDIATE RELEASE Wednesday, May 24, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Better Markets today announced that noted author, academic, and political scientist Thomas Ferguson has joined the organization as a Senior Fellow. “With decades of deep experience and insights, noted author, academic and political scientist Thomas Ferguson will bring […]
FOR IMMEDIATE RELEASE Monday, May 22, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Following the announcement from Labor Secretary Acosta that there will be no delay of the “best interest” fiduciary rule, Dennis Kelleher, president and CEO of Better Markets, released the following statement: “One of President Trump’s first acts in office […]
FOR IMMEDIATE RELEASE Tuesday, May 9, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Following a ruling by U.S. Court of Appeals for the Federal Circuit in favor of the government and against former CEO Hank Greenberg, Dennis Kelleher, president and CEO of Better Markets, released the following statement: “The Court of Appeals […]
FOR IMMEDIATE RELEASE Monday, May 8, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – In a Court filing today in the United States Court of Appeals for the District of Columbia Circuit in the pending MetLife v. FSOC appeal, Better Markets seeks to oppose MetLife’s request for a stay of the legal case […]
FOR IMMEDIATE RELEASE Thursday, May 4, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – As President Trump, National Economic Council Director Gary Cohn and others focusing on bringing back a “Glass-Steagall-type law,” Better Markets is releasing a Fact Sheet on Glass-Steagall to provide critical background on the original law and perspectives on the […]
FOR IMMEDIATE RELEASE Tuesday, May 2, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Upon the expected Senate confirmation later today of Mr. Jay Clayton’s nomination to become the Chairman of the Securities and Exchange Commission, President and CEO of Better Markets released the following statement: “The Securities and Exchange Commission’s new Chairman, […]
FOR IMMEDIATE RELEASE Monday, April 24, 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 following MetLife’s request to stay its lawsuit against the Financial Stability Oversight Council (FSOC): “MetLife’s request to stay its lawsuit against FSOC, now on appeal before the […]
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