FOR IMMEDIATE RELEASE Monday, April 24, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – With Wells Fargo’s shareholders voting for Board members at the Annual meeting this Tuesday, April 25th, Better Markets is releasing a Fact Sheet entitled “Why the Wells Fargo CEO and Board Must Go: Whitewash, Cover Up and Dereliction of […]
FOR IMMEDIATE RELEASE Wednesday, April 5, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Better Markets Senior Securities Policy Advisor, Lev Bagramian, will be testifying before the Equity Market Structure Advisory Committee during its April 5, 2017 meeting. WHO: Lev Bagramian, Senior Securities Policy Advisor WHAT: EMSAC testimony WHEN: April 5, 2017 Mr. […]
FOR IMMEDIATE RELEASE Tuesday, April 4, 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 President Trump’s comments today on the Dodd-Frank Act: “President Trump’s promise today to give the Dodd-Frank financial reform law a ‘major haircut’ would make another catastrophic […]
FOR IMMEDIATE RELEASE Wednesday, March 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 House Financial Services Subcommittee on Capital Markets, Securities, and Investment hearing on the impact of the Volcker Rule: “SIFMA, the Chamber of Commerce and every […]
FOR IMMEDIATE RELEASE Tuesday, March 21, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – With the fate of the Department of Labor’s “Best Interest” Fiduciary Rule hanging in the balance and with the Senate Health, Education, Labor and Pensions Committee about to convene the confirmation hearing for Labor Secretary nominee Alex Acosta, we […]
FOR IMMEDIATE RELEASE Monday, March 13, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] STATEMENT ON FDIC VICE CHAIR HOENIG’S PROPOSAL ON BANK REGULATORY RELIEF AND ACCOUNTABILITY Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued the following statement on Federal Deposit Insurance Corporation (FDIC) Vice Chair Thomas Hoenig’s proposal on bank regulatory relief […]
FOR IMMEDIATE RELEASE Thursday, February 16, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis M. Kelleher, president and CEO of Better Markets, today issued this statement following the decision by the U.S. Court of Appeals for the D.C. Circuit to review “en banc” the CFPB’s challenge to a ruling last year on […]
FOR IMMEDIATE RELEASE Friday, February 10, 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 the announced retirement of Federal Reserve Governor Daniel Tarullo: “For eight years, Fed Governor Dan Tarullo has been a fearless fighter for protecting the American people […]
FOR IMMEDIATE RELEASE Wednesday, February 8, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] DOL’S “BEST INTEREST” FIDUCIARY RULE GOES 3 FOR 3: ANOTHER WIN FOR RETIREES OVER INDUSTRY AS RULE WINS IN TEXAS COURT Washington, D.C. – Stephen W. Hall, Legal Director of Better Markets, issued this statement following the ruling in a Texas federal […]
FOR IMMEDIATE RELEASE Friday, February 3, 2017 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement on the Trump Administration’s executive order to roll back financial protections established in the Dodd-Frank Act: “Trump would not have been elected dogcatcher if he told the […]
FOR IMMEDIATE RELEASE Wednesday, January 4, 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 announced nomination of Jay Clayton to Chair the Securities and Exchange Commission: “While Mr. Clayton may be an excellent lawyer representing Goldman Sachs and Wall Street’s […]
FOR IMMEDIATE RELEASE Thursday, December 15, 2016 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 by the Federal Reserve Board of its Total Loss Absorbing Capacity (TLAC) rule: “We applaud the Federal Reserve Board’s finalization of the total loss absorbing […]
FOR IMMEDIATE RELEASE Wednesday, November 30, 2016 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 announced nomination of Steven Mnuchin to be Secretary of the Treasury: “President-elect Trump’s nominee for Secretary of the Treasury, Steven Mnuchin, was a pioneer in […]
FOR IMMEDIATE RELEASE Tuesday, November 29, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] SEC Committee Reaches a New Low by Voting Against Recommendation for the SEC to Regularly Obtain Investors’ Views and Opinions Washington, D.C. – Lev Bagramian, Senior Securities Policy Advisor for Better Markets, today issued this statement following the Security and Exchange Commission’s (SEC) Equity […]
FOR IMMEDIATE RELEASE Tuesday, November 29, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] Updated Fact Sheet Re: House Vote This Week On $50 Billion Threshold and Fed’s SIFI Designation Washington, D.C. – Jeremy Bratt, Director of External Affairs for Better Markets, today issued the following statement regarding H.R. 6392, the so-called “Systemic Risk Designation Improvement Act of 2016,” that […]
FOR IMMEDIATE RELEASE Wednesday, November 9, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] Election Was a Scream From Tens of Millions of Hardworking Americans Living on a Terrifying Economic Knife-edge Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement on the election: “This election was a scream from tens […]
FOR IMMEDIATE RELEASE Friday, November 4, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Steve Hall, Legal Director for Better Markets, issued this statement following a decision by the U.S. District Court for the District of Columbia upholding the Department of Labor’s new “best interest” fiduciary duty rule: “In the first legal battle over the Department of Labor’s ‘best interest’ fiduciary duty rule, the court […]
FOR IMMEDIATE RELEASE Tuesday, October 18, 2016 Contact: Nick Jacobs, 202-618-6430, [email protected] Washington, D.C. – Steve Hall, Legal Director for Better Markets, issued the following statement on Better Markets’ filing of its opening brief as an appellant, seeking to vindicate the public’s right to access judicial documents in the matter of MetLife, Inc. v. Financial […]
FOR IMMEDIATE RELEASE Tuesday, October 11, 2016 Contact: Nick Jacobs, 202-618-6430, [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued the following statement on the decision from the U.S. Court of Appeals for the District of Columbia ruling against the Consumer Financial Protection Bureau. “The Court decision today on the Consumer […]
FOR IMMEDIATE RELEASE October 4, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Better Markets today announced the addition of two new senior staff in its Washington office, bringing on Laura Zylstra as Vice President for Strategic Partnerships and Development, and Jeremy Bratt as Director of External Affairs. “Laura and Jeremy are experienced […]
FOR IMMEDIATE RELEASE Wednesday, September 28, 2016 Contact: Nick Jacobs, 202-618-6430, [email protected] Washington, D.C. – Victoria Daka, Attorney and Derivatives Policy Analyst at Better Markets, issued the following statement today on the announcement from the Commodities Futures Trading Commission (CFTC) to expand the clearing requirement for interest rate swaps. “Better Markets commends the Commission for […]
Wells Fargo is facing calls to claw back bonuses paid to senior executives, including the outgoing head of its community banking division, as the fallout over its sham account scandal intensifies. Two top institutional shareholders in the world’s most valuable bank by market capitalisation have demanded answers over payments to Carrie Tolstedt, who headed the division where the episode […]
FOR IMMEDIATE RELEASE Wednesday, September 14, 2016 Contact: Nick Jacobs, 202-618-6430, [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued the following statement on the announcement from Commodities Futures Trading Commission (CFTC) Chairman Timothy Massad on his decision to reverse course and abandon a proposal that would have allowed private lawsuits […]
FOR IMMEDIATE RELEASE Friday, August 26, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] **To read the full amicus brief click here** Washington, D.C. – Better Markets today submitted an amicus brief to the United States Supreme Court, in support of a petition for certiorari to the Sixth Circuit in United States ex rel. Advocates for Basic Legal Equality, […]
FOR IMMEDIATE RELEASE Monday, August 22, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] **Read Better Markets’ entire comment letter on CFPB’s proposed rule on arbitration agreements here.** Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, released the following statement in conjunction with Better Markets’ submission of a comment letter to the Consumer Financial Protection […]
FOR IMMEDIATE RELEASE Monday, August 8, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Better Markets’ CEO and President, Dennis Kelleher, issued this statement following Donald Trump’s economic speech in Detroit, Michigan today: “Nothing since The Great Depression of the 1930s has destroyed more jobs and growth than the economic devastation caused by […]
FOR IMMEDIATE RELEASE Monday, August 8, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, sent the attached letter to Securities and Exchange Commission (SEC) Chair Mary Jo White today requesting that she promptly terminate the so-called Disclosure Effectiveness Initiative (and the related Regulation S-K Concept […]
FOR IMMEDIATE RELEASE Tuesday, July 19, 2016 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 and approval of the 2016 Republican Party Platform: “Donald Trump’s move from the Apprentice to Extreme Makeover now includes fraudulently posing as an anti-Wall Street financial […]
FOR IMMEDIATE RELEASE Monday, July 11, 2016 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 a report by the House Financial Services Committee examining the Justice Department’s settlement with HSBC: “Today’s report by the House Financial Services Committee on […]
FOR IMMEDIATE RELEASE Wednesday, July, 6 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement following comments by Federal Reserve Governor Daniel Tarullo calling for an end to allowing taxpayer-backed banks such as Goldman Sachs and Morgan Stanley to engage in trading physical […]
FOR IMMEDIATE RELEASE Wednesday, June 29, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement on the rescission by the Financial Stability Oversight Council (FSOC) of GE Capital’s status as a systemically significant nonbank: “FSOC’s actions today rescinding the designation of GE Capital […]
FOR IMMEDIATE RELEASE Thursday, June 23, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement on the amicus brief filed today by Better Markets in MetLife, Inc. v. Financial Stability Oversight Council: “The Financial Stability Oversight Council (FSOC) is the primary regulator protecting […]
FOR IMMEDIATE RELEASE Friday, June 17, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement on the vote today by the Securities and Exchange Commission approving IEX’s application to establish a formal stock exchange: “Today’s fragmented equity capital markets are too often rigged by […]
FOR IMMEDIATE RELEASE Tuesday, June 14, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement on the release today of the Commodity Futures Trading Commission’s (CFTC) final rule amending reporting and recordkeeping requirements for cleared swaps: “The 2008 financial crisis was incubated and […]
FOR IMMEDIATE RELEASE Tuesday, June 14, 2016 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 a letter sent by Senators Menendez (D-NJ), Warren (D-MA), Gillibrand (D-NY), Schumer (D-NY), Sanders (I-VT), Merkley (D-OR), and Blumenthal (D-CT) calling on the Securities […]
FOR IMMEDIATE RELEASE Tuesday, June 14, 2016 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 Banking Committee hearing titled, “Oversight of the U.S. Securities and Exchange Commission”: “The American political system is being polluted by a tidal wave of dark […]
FOR IMMEDIATE RELEASE Tuesday, June 7, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement on the release today of House Financial Services Committee Chairman Jeb Hensarling’s Republican proposal to dismantle the Dodd Frank financial reform law: “Missing an historic opportunity to propose […]
FOR IMMEDIATE RELEASE Thursday, June 2, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement on a lawsuit filed by Wall Street’s biggest trade groups and allies (including the Securities Industry and Financial Markets Association, the Financial Services Roundtable, and the U.S. Chamber of Commerce) […]
FOR IMMEDIATE RELEASE Wednesday, May 25, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement on the ruling from Judge Rosemary Collyer granting Better Markets the right to intervene but denying its request for the court to review and unseal the record in […]
FOR IMMEDIATE RELEASE Tuesday, May 24, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement in response to Commodity Futures Trading Commission’s (CFTC) final Cross-border Margin Rule today: “We commend the CFTC’s commitment to strong cross-border regulation that stops the global derivatives dealers […]
FOR IMMEDIATE RELEASE Tuesday, May 24, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement on the release of a fiscal 2017 financial services funding bill that would cut the Securities and Exchange Commission’s (SEC) budget: “The House Appropriations’ Financial Services Subcommittee bill could […]
FOR IMMEDIATE RELEASE Monday, May 23, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement on the decision from the U.S. Court of Appeals for the Second Circuit’s decision reversing a $1.28 billion penalty imposed on Bank of America by a federal district […]
FOR IMMEDIATE RELEASE Tuesday, May 17, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement on Donald Trump’s statement that he will dismantle the Dodd Frank financial reform law: “Donald Trump’s promise to dismantle the Dodd-Frank financial reform law is irresponsible and a […]
FOR IMMEDIATE RELEASE Wednesday, April 27, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement on the Securities and Exchange Commission’s (SEC) release for public comment of a plan to build a consolidated audit trail (CAT) for the equity and options markets: “Today’s […]
FOR IMMEDIATE RELEASE Monday, April 18, 2016 Contact: Nick Jacobs, 202-618-6430 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement on the status report issued today by the Financial Stability Oversight Council addressing the FSOC’s work on analyzing the asset management industry: “FSOC has a unique and vital […]
FOR IMMEDIATE RELEASE Wednesday, April 13, 2016 Contact: Shanessa Bryant, 202-618-6433 or [email protected] Washington, D.C. – Following the announcement today from federal regulators that the “living wills” of five giant banks, including J.P. Morgan Chase and Bank of America were found to be “non-credible,” Dennis Kelleher, President and CEO of Better Markets, issued this statement: […]
FOR IMMEDIATE RELEASE Tuesday, April 12, 2016 Contact: Shanessa Bryant, 202-618-6433 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued the following statement on the House Agricultural Appropriations Subcommittee’s bill failing to fund the CFTC for the third year in a row: “It is an indefensible dereliction of duty by […]
FOR IMMEDIATE RELEASE Monday, April 11, 2016 Contact: Shanessa Bryant, 202-618-6433 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement on the announcement of the U.S. Department of Justice’s recent $5 billion settlement with Goldman Sachs over its deceptive sale of toxic mortgage-backed securities: “The Department of Justice’s […]
FOR IMMEDIATE RELEASE April 7, 2016 Contact: Shanessa Bryant, 202-618-6433 or [email protected] Washington, DC — Dennis Kelleher, President and CEO of Better Markets, released the following statement regarding today’s court decision overruling FSOC’s designation of MetLife: “The Federal District Court decision in MetLife’s lawsuit against FSOC is doubly dangerous and incorporates onerous new burdens on […]
FOR IMMEDIATE RELEASE Tuesday, April 6, 2016 Contact: Shanessa Bryant, 202-618-6433 or [email protected] Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement on the release of the Department of Labor’s (DOL) final rule requiring that brokers and other financial advisers giving retirement advice must put their clients’ best interests first, […]
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