FOR IMMEDIATE RELEASE Thursday, March 31, 2016 Contact: Shanessa Bryant, 202-618-6433 or [email protected] **Click here to view the updated fact sheet** **Click here to view the amended contingent application for an order to show cause** **Click here to view the amended proposed order to show cause** Washington, DC — Better Markets filed in court today an […]
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FOR IMMEDIATE RELEASE Wednesday, March 30, 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 announcement by the U.S. District Court for the District of Columbia that the designation of MetLife as a systemically important financial institution is being rescinded: […]
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FOR IMMEDIATE RELEASE Monday, March 14, 2016 Contact: Shanessa Bryant, 202-618-6433 or [email protected] Critical Questions that Should Be Asked at the Senate Banking Committee Confirmation Hearing for SEC Nominees Lisa Fairfax and Hester Peirce Washington, DC — The Senate Banking Committee will hold a hearing tomorrow on the nominations of Lisa Fairfax and Hester Peirce […]
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FOR IMMEDIATE RELEASE Friday, March 11, 2016 Contact: Shanessa Bryant, 202-618-6433 or [email protected] Washington, DC — Better Markets President and CEO Dennis Kelleher released the following statement regarding today’s CFTC announcement that the industry drafted biased report from its Energy and Environmental Markets Advisory Committee on position limits is being withdrawn: “The CFTC’s repudiation today […]
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FOR IMMEDIATE RELEASE Tuesday, March 8, 2016 Contact: Shanessa Bryant, 202-618-6433 or [email protected] **Download Proposed Questions for Lynch** Washington, DC — The testimony of Attorney General Loretta Lynch tomorrow before the Senate Judiciary Committee will occur just one day after the ninth anniversary of infamous subprime lender New Century Financial Corporation’s announcement that it would stop […]
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FOR IMMEDIATE RELEASE Thursday, March 3, 2016 Contact: Shanessa Bryant, 202-618-6433 or [email protected] Better Markets Applauds Sen. Mark Warner’s Demand that the SEC Act on the Long Overdue Consolidated Audit Trail Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement following remarks by Senator Mark Warner at today’s Senate Subcommittee on […]
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FOR IMMEDIATE RELEASE Thursday, March 3, 2016 Contact: Shanessa Bryant, 202-618-6433 or [email protected] Better Markets Applauds Sen. Warren’s Call for Making Sure the Public Interest is a Priority at Financial Regulatory Agencies Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement following remarks by Senator Elizabeth Warren on the problem of […]
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FOR IMMEDIATE RELEASE Thursday, February 25, 2016 Contact: Shanessa Bryant, 202-618-6433 or [email protected] Biased Industry-stacked CFTC Advisory Committee Should Be Ignored Washington, DC — Better Markets President and CEO Dennis Kelleher released the following statement regarding today’s meeting of the CFTC’s Energy and Environmental Markets Advisory Committee and its report on position limits to rein […]
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FOR IMMEDIATE RELEASE Wednesday, February 24, 2016 Contact: Shanessa Bryant, 202-618-6433 or [email protected] House Speaker Paul Ryan is Wrong to Oppose Putting Retirement Savers’ Best Interest First Washington, DC — House Speaker Paul Ryan recently announced his opposition to a Department of Labor proposed rule that would close a 40 year old loophole and require […]
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FOR IMMEDIATE RELEASE Tuesday, February 16, 2016 Contact: Daniel Wynn, 202-618-6464 or [email protected] Better Markets Applauds Minneapolis Fed President Neel Kashkari’s Remarks on Ending the Dangerous Too-Big-To-Fail Threat Hanging over the Economy and Americas’ Families Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement regarding Minneapolis Fed President Neel Kashkari’s remarks […]
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FOR IMMEDIATE RELEASE Thursday, February 11, 2016 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Statement Ahead of Tonight’s Democratic Debate Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement ahead of tonight’s Democratic debate: “Nothing has done more damage to middle class families, our economy, and our government’s finances than […]
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FOR IMMEDIATE RELEASE Wednesday, February 10, 2016 Contact: Jeff Gohringer, 202-618-6430 or [email protected] **View the Fact Sheet, Download the Policy Brief** Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement on the release of a new Policy Brief titled Stopping Wall Street’s Derivatives Dealers Club: “Unregulated and non-transparent derivatives were at […]
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FOR IMMEDIATE RELEASE Wednesday, February 10, 2016 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Statement on SEC Adopting a Final Cross-Border Derivatives Rule Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement on the SEC adopting a final cross-border derivatives rule earlier today: “We applaud the SEC for including cross-border […]
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FOR IMMEDIATE RELEASE Wednesday, February 10, 2016 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Praises CFTC for International Agreement on Clearing Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement on the CFTC international agreement on clearing: “In the years before the 2008 financial crash, Wall Street’s biggest financial firms […]
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FOR IMMEDIATE RELEASE Tuesday, February 9, 2016 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Applauds the President for Budget Request that Funds the SEC and CFTC Cops on the Wall Street Beat Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement on President Obama’s Fiscal Year 2017 budget request, which […]
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FOR IMMEDIATE RELEASE Monday, January 4, 2016 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Statement on the Passing of Rep. Mike Oxley: A Republican Leader Who Put the Public Interest Above Corporate and Contributors’ Special Interests Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement on the passing of former […]
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FOR IMMEDIATE RELEASE Monday, December 28, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Goes to Court to Prevent Attempts by Certain Shareholders of Fannie Mae and Freddie Mac to Put Taxpayers on the Hook for their Losses **Click here to view the motion and brief** Washington, DC — Better Markets announced today that […]
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FOR IMMEDIATE RELEASE Thursday, December 17, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Goes to Court to Make Clear that AIG’s Former Executives and Shareholders Don’t Deserve Another Nickel from Taxpayers **View the fact sheet, motion, and brief** Washington, DC — Better Markets announced today that it has filed a motion in the […]
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FOR IMMEDIATE RELEASE Wednesday, December 16, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Statement Following CFTC Vote on Margin Rules Washington, DC — Better Markets President and CEO Dennis Kelleher issued this statement following the vote today by the Commodity Futures Trading Commission (CFTC) on the final margin rules for swap dealers: “Margin, […]
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FOR IMMEDIATE RELEASE Wednesday, December 16, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Statement on the Omnibus Spending Bill: A Big Win for the American People and a Loss for Special Interests Washington, DC — Better Markets President and CEO Dennis Kelleher issued this statement in reaction to the omnibus spending bill released […]
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FOR IMMEDIATE RELEASE Tuesday, December 15, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Statement Ahead of CFTC Vote on Margin Rules Washington, DC — Better Markets President and CEO Dennis Kelleher issued this statement ahead of a vote tomorrow by the Commodity Futures Trading Commission (CFTC) on the final margin rules for swap […]
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FOR IMMEDIATE RELEASE Tuesday, November 24, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Statement on the CFTC’s Proposed Algorithmic Trading Rules Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement on the Commodity Futures Trading Commission’s (CFTC) proposed rules for algorithmic trading in the futures markets: “The CFTC today proposed long-awaited […]
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FOR IMMEDIATE RELEASE Thursday, November 19, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Goes to Court to Lift the Veil of Secrecy from MetLife’s Attack on FSOC **Click here to view the fact sheet, memo, and motion** Washington, DC — Better Markets announced today that it has filed a motion to give the public the transparency […]
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FOR IMMEDIATE RELEASE Monday, November 2, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Statement Ahead of House Financial Services Committee Markup on Bills to Gut Financial Reform **Click here to view the letter and fact sheets send to members of the committee** Washington, DC — Dennis Kelleher, President and CEO of Better Markets, […]
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FOR IMMEDIATE RELEASE Monday, November 2, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Statement on the Financial Stability Oversight Council’s Open Session Washington, DC — Better Markets President and CEO Dennis Kelleher issued this statement on the Financial Stability Oversight Council’s (FSOC) open session today, which includes updates on its work relating to asset management […]
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Washington, DC — Dennis Kelleher, President and CEO of Better Markets, issued this statement on Sec. Hillary Clinton’s support of the Department of Labor’s (DOL) proposed rule to protect Americans from conflicts of interest when brokers and other financial advisers give retirement advice: “We applaud Sec. Clinton for unequivocally supporting this key Department of Labor […]
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FOR IMMEDIATE RELEASE Tuesday, October 27, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Statement Following the House Vote on the Wagner Bill Washington, DC — Better Markets President and CEO Dennis Kelleher issued this statement following a vote in the House of Representatives on legislation introduced by Rep. Ann Wagner that would prevent […]
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FOR IMMEDIATE RELEASE Tuesday, October 27, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Statement on the Wagner Bill, the Lynch Amendment and Wall Street’s Latest Attempt to Kill the DOL’s Best Interest Rule Washington, DC — Dennis Kelleher, President and CEO of Better Markets, issued the following statement on the upcoming vote in […]
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FOR IMMEDIATE RELEASE Monday, October 26, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Statement Ahead of Tomorrow’s SEC Equity Market Structure Advisory Committee Meeting **Click here to view the recent letter to SEC Chair White** Washington, DC — Better Markets President and CEO Dennis Kelleher issued this statement ahead of the Equity Market […]
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FOR IMMEDIATE RELEASE Thursday, October 22, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Calls on SEC to Remove Financial Industry Lawbreakers From Equity Market Structure Advisory Committee **Click here to view the letter** Washington, DC — Better Markets President and CEO Dennis Kelleher issued this statement on the letter sent to Securities and […]
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FOR IMMEDIATE RELEASE Tuesday, October 20, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Applauds the Nomination of Lisa Fairfax to Serve as a Commissioner on the Securities and Exchange Commission Washington, DC — Better Markets President and CEO Dennis Kelleher issued this statement on President Obama’s nomination of Lisa Fairfax to serve as a […]
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FOR IMMEDIATE RELEASE Friday, October 16, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Applauds Former Gov. Mike Huckabee’s Support for Reinstating Glass-Steagall Washington, DC — Better Markets President and CEO Dennis Kelleher issued this statement on former Gov. Mike Huckabee’s support for reinstating Glass-Steagall to separate low-risk traditional commercial banking and higher-risk investment […]
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FOR IMMEDIATE RELEASE Thursday, October 8, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Statement on Hillary Clinton’s Proposal to Rein in Wall Street Washington, DC — Dennis Kelleher, President and CEO of Better Markets, issued the following statement on former Secretary of State Hillary Clinton’s proposal to hold Wall Street accountable and prevent […]
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FOR IMMEDIATE RELEASE Wednesday, September 30, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Statement on Legislation Reflecting Wall Street’s Latest Attempt to Kill the DOL’s Best Interest Fiduciary Rule Washington, DC — Dennis Kelleher, President and CEO of Better Markets, issued the following statement on the House Financial Services Committee markup today on legislation introduced […]
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FOR IMMEDIATE RELEASE Thursday, September 24, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Statement on More Than 90 House Democrats Agreeing that the DOL’s Best Interest Fiduciary Rule is Necessary and Appropriate Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement regarding the letter from more than 90 House […]
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FOR IMMEDIATE RELEASE Thursday, September 24, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Statement Following Filing Supporting the Department of Labor’s Best Interest Fiduciary Duty Rule **Click here to view the comment letter** Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement following the filing of a comment letter […]
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FOR IMMEDIATE RELEASE Wednesday, September 16, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Statement on Efforts to Use Appropriations Bill to De-Regulate Wall Street Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement following remarks by Senator Coons, Senator Merkley, Senator Schumer, and Deputy Secretary of the Treasury Sarah […]
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FOR IMMEDIATE RELEASE Monday, September 14, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Applauds the NYDFS Agreement on Symphony; Others on Wall Street and Elsewhere Should Follow Goldman’s Lead Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement on the agreement announced today between the New York State Department of Financial Services (NYDFS) […]
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Washington, DC — Better Markets President and CEO Dennis Kelleher released the following statement in response to the Department of Justice’s (DOJ) issuing new policy guidelines that claim to prioritize the prosecution of individuals: “DOJ’s statements today that it is going to prosecute criminals on Wall Street is good news and long overdue, but it […]
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Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement following the Securities and Exchange Commission’s (SEC) decision to grant Citigroup a waiver in the face of its egregious conduct, continuing its secretive slap-on-the-wrist waiver process: “Citigroup and its affiliates (Citi) are a one-bank crime spree. Since 2008, Citi has been sanctioned, […]
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Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement on the Securities and Exchange Commission’s (SEC) nearly $180 million settlement with Citigroup Global Markets Inc. and Citigroup Alternative Investments LLC: “Fining Citigroup or its affiliates, yet again for yet more law breaking, seven years after these funds collapsed during the financial […]
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The key takeaways from day four of the unprecedented four-day public hearing at the Department of Labor (DOL) to discuss its proposed best interest fiduciary rule: There is widespread support for DOL’s rule, including from many in the industry, who understand this a strong proposal that’s necessary to protect Americans’ retirement security. “Current laws allow […]
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FOR IMMEDIATE RELEASE Thursday, August 13, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets Statement Following the Conclusion of DOL’s Unprecedented Four-Day Hearing on the Clients’ Best Interest Standard Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement following the conclusion of the Department of Labor’s (DOL) hearing on their […]
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The key takeaway from the third day of an unprecedented four days of a public hearing at the Department of Labor (DOL) to discuss its proposed best interest fiduciary rule: While it’s no surprise that industry has continued to claim DOL’s proposal is “unworkable” in an attempt to kill or gut the rule, leading labor, […]
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The key takeaway from the second day of an unprecedented four days of a public hearing at the Department of Labor (DOL) to discuss its proposed best interest fiduciary rule: Outdated rules with loopholes enabling conflicted investment advice that hurts retirement savers desperately need change, yet the industry continues to defend the status quo — […]
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Key takeaways from the first day of an unprecedented four days of a public hearing at the Department of Labor (DOL) to discuss its proposed best interest fiduciary rule: Industry remains opposed to the best interest standard for their clients, while claiming otherwise. “As the industry witnesses today made clear again, industry will only support […]
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FOR IMMEDIATE RELEASE Monday, August 10, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets: No More Secret SIFMA Studies or Meetings **Click Here to Download: Fact Sheet: Don’t Fall for SIFMA’s Spin Campaign** Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement following the testimony of Ken Bentsen, Securities Industry […]
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FOR IMMEDIATE RELEASE Wednesday, August 5, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement on the Securities and Exchange Commission’s (SEC) votes regarding the registration of security-based swap (SBS) dealers and major SBS participants (SBS Entities): “The SEC is supposed to be the […]
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FOR IMMEDIATE RELEASE Wednesday, July 29, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] Better Markets on Gov. Rick Perry’s Support for a Glass-Steagall-like Law **Click here to download Better Markets’ Glass-Steagall fact sheet** Washington, DC — Better Markets President and CEO Dennis Kelleher issued this statement on Gov. Rick Perry’s support for a Glass-Steagall-like law […]
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FOR IMMEDIATE RELEASE Wednesday, July 29, 2015 Contact: Jeff Gohringer, 202-618-6430 or [email protected] **Click here to download the fact sheet** Washington, DC — Better Markets President and CEO Dennis Kelleher issued this statement on the release of a fact sheet on the Glass-Steagall Act: “Hillary Clinton, Martin O’Malley and the other presidential candidates, along with […]
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