WASHINGTON, D.C.— Dennis M. Kelleher, Co-founder, President, and CEO of Better Markets, issued the following statement on the filing of Better Markets’ Comment Letter to the Office of the Comptroller of the Currency (OCC) on its proposed development of an annual survey on consumer trust in banking. “There is no need for a survey to […]
WASHINGTON, D.C.—Scott Farnin, Legal Counsel, issued the following statement refuting crypto’s false claim that 52 million Americans own cryptocurrency, as detailed in this Better Markets fact sheet. The crypto industry has placed ads in various news publications including the Washington Post and brought marketing items to Capitol Hill and Congressional hearings featuring the false claims. […]
WASHINGTON, D.C.— Legal Director and Securities Specialist Stephen Hall issued the following statement on a new Better Markets Fact Sheet ahead of oral argument in the Consumer Financial Protection Bureau v. Community Financial Services Assoc. of Am., Ltd., No. 22-448. “As the Supreme Court hears oral argument today in Consumer Financial Protection Bureau v. Community Financial […]
WASHINGTON, D.C.—Stephen Hall, Legal Director and Securities Specialist, issued the following statement in connection with the publication of a new Better Markets report, The Supreme Court and Your Wallet: Cases and Trends that Define the Ability of the Wall Street Cops to Protect Every American from Financial Predators. “Each term, the U.S. Supreme Court decides […]
Washington, D.C. – Better Markets is pleased to announce that Joe Saluzzi, partner and co-founder of Themis Trading LLC, has joined the Better Markets Board of Directors. Saluzzi joins the Board as Adam White, Founder and CEO of Digital Research & Trading, departs after 13 years of service. “Joe Saluzzi has a deep understanding of the […]
WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President, and CEO, issued the following statement in connection with the Commodities Futures Trading Commission (“CFTC”) Order to reject KalshiEX, LLC’s (Kalshi) self-certified political control event contract: “The CFTC’s well-grounded, thoughtful, 23-page Order to reject Kalshi’s backdoor attempt to unleash gambling on U.S. elections through so-called event contracts was the […]
WASHINGTON, D.C.—On Wednesday, September 20, the U.S. Securities and Exchange Commission (SEC) modernized its rules governing investment company names that are likely to mislead investors in mutual funds, ETFs, and other offerings about the fund’s investments and risks. Better Markets’ Legal Director and Securities Specialist Stephen Hall released the following statement following the Commission’s vote on these […]
WASHINGTON, D.C.—Dennis Kelleher, Cofounder, President, and CEO, issued the following statement regarding a letter Better Markets sent to the leadership of the U.S. House of Representatives raising questions regarding provisions in the crypto market structure legislation that passed out of committee this summer: “The crypto legislation pending in the House raises serious questions about investor, […]
WASHINGTON, D.C.— Dennis Kelleher, Co-Founder, President, and CEO, issued the following statement in connection with Better Markets release of a Policy Brief to accompany its recently filed supplemental comment letter, which details extensive statistical analysis using Federal Reserve data that proves the proposed Community Reinvestment Act (“CRA”) rule changes will not work, will not stop redlining, and […]
WASHINGTON, D.C.— Dennis Kelleher, Co-Founder, President, and CEO, issued the following statement on the sentencing of former Wells Fargo Executive Carrie Tolstedt to six months of home confinement and three years of probation for her lawbreaking: “Prosecuting just one former Wells Fargo executive, Carrie Tolstedt, is better than nothing, but going after just one executive […]
WASHINGTON, D.C.— Dennis M. Kelleher, Cofounder, President and CEO, issued the following statement upon the Senate’s confirmations of Dr. Jefferson for Vice Chair and Drs. Cook and Kugler for Governors of the Federal Reserve Board: “After 110 years, the Federal Reserve Board finally reflects the strength of America’s diversity with the confirmation of Vice Chair […]
WASHINGTON, D.C.— Dennis M. Kelleher, Cofounder, President and CEO, issued the following statement in connection with the Senate’s upcoming votes on the nominees to the Federal Reserve Board: Dr. Jefferson to be Vice Chair and Drs. Cook and Kugler to be Governors. A detailed overview of the qualifications of the nominees can be found here. […]
WASHINGTON, D.C.— Yesterday, Better Markets, the Consumer Federation of America (CFA), and the Institute for Agriculture and Trade Policy (IATP) filed an amicus curiae brief urging the Supreme Court to review and reverse a lower court decision that dramatically limited protections against manipulation in the commodity markets, in the case of Laydon v. Cooperatieve Rabobank […]
WASHINGTON, D.C.—Cantrell Dumas, Director of Derivatives Policy, issued the following statement in connection with the filing of a comment letter with the Commodities Futures Trading Commission (“CFTC”) in response to a proposed comparability order for Non-Bank Swap Dealers from France and Germany and for financial reporting requirements from the European Union. “When U.S. regulators determine that foreign […]
WASHINGTON, D.C.— Stephen Hall, Legal Director and Securities Specialist, issued the following statement on today’s decision in Robinhood Financial LLC v. Galvin, from the Supreme Judicial Court for the Commonwealth of Massachusetts, reversing a lower-court judge’s decision that struck down the state’s fiduciary duty rule. Better Markets filed an amicus curiae brief in the case […]
WASHINGTON, D.C.—Today, the U.S. Securities and Exchange Commission (SEC) adopted final rules governing private fund advisers. Legal Director and Securities Specialist Stephen Hall released the following statement: “The rules the SEC adopted today will increase the transparency of private funds, but they unfortunately retreated from some of the most important investor protections in the proposals. […]
WASHINGTON, D.C.— Dennis M. Kelleher, Co-founder, President, and CEO of Better Markets, issued the following statement in connection with the release of a report entitled, “The Unseen Banking Crisis Concealed Behind the Climate Crisis.” “There’s a major untold story behind the unprecedented climate disasters pummeling the country and capturing the headlines: today’s climate crisis is […]
WASHINGTON, D.C.—On Wednesday, August 23rd, the U.S. Securities and Exchange Commission (SEC) will consider, among other things, whether to adopt proposed rules governing private fund advisers. Better Markets’ Legal Director and Securities Specialist Stephen Hall released the following statement in anticipation of the Commission’s vote on these critical reforms: “One of the key sets of […]
WASHINGTON, D.C.—Stephen Hall, Better Markets’ Legal Director and Securities Specialist, issued the following statement in connection with today’s filing of an amicus curiae brief with the U.S. Court of Appeals for the Fifth Circuit in Chamber of Commerce v. SEC: “The SEC’s rule is classic, bread and butter disclosure regulation that will benefit investors, but […]
WASHINGTON, D.C.—Scott Farnin, Legal Counsel, issued the following statement on the filing of Better Markets’ Comment Letters (found here and here) to the Securities and Exchange Commission (SEC) in response to multiple proposed rule changes filed by national securities exchanges to list and trade shares in spot bitcoin-based exchange traded products (“ETP”): “The crypto industry’s […]
Washington, D.C. – Mona Benach has joined Better Markets as a Senior Securities Specialist. She comes to Better Markets from private practice in securities litigation, where she most recently served as Senior Counsel representing public corporations and individuals before the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB.) “Mona brings an […]
WASHINGTON, D.C.— Senators Jeff Merkley (OR), Sheldon Whitehouse (RI), Edward Markey (MA), Elizabeth Warren (MA), Chris Van Hollen (MD), and Dianne Feinstein (CA) sent a letter to the CFTC Chairman Rostin Behnam opposing KalshiEX LLC’s (Kalshi) proposal for self-certified political control event contracts. The Senators join Better Markets and hundreds of policymakers, advocacy groups, experts […]
WASHINGTON, D.C.— Legal Director and Securities Specialist Stephen Hall issued the following statement on the publication in the Environmental Law Reporter of an article supporting strong regulation of funds that offer investments focused on environmental, social, and governance (or “ESG”) factors: “ESG investing is attracting intense and growing interest among millions of investors who seek […]
WASHINGTON, D.C.— Legal Director and Securities Specialist Stephen Hall issued the following statement on the filing of Better Markets’ Comment Letter to the Consumer Financial Protection Bureau (CFPB) in support of the agency’s proposed rule to strengthen consumer protections in Property Assessed Clean Energy (PACE) financing programs: “The CFPB’s proposed rule will address a range […]
WASHINGTON, D.C.— Dennis M. Kelleher, Cofounder, President and CEO, issued the following statement in connection with Federal Reserve Board (Fed) and Federal Deposit Insurance Corporation (FDIC) bank capital rules: “Large bank capital requirements are the foundation of a safe, sound, and stable financial system that all Americans depend on to support and protect the economy, […]
WASHINGTON, D.C.— Dennis M. Kelleher, Co-founder, President, and CEO of Better Markets, issued the following statement on the filing of two Better Markets’ Comment Letters (here and here) to the Financial Stability Oversight Council (FSOC) in response to proposals that would improve the analytic framework used by the FSOC to carry out its critical mission […]
WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President, and CEO, issued the following statement in connection with Better Markets’ response to KalshiEx, LLC’s (Kalshi) failed rebuttal of Better Markets’ comment letter previously filed with the Commodities Futures Trading Commission (“CFTC”) opposing Kalshi’s election gambling proposal (Proposal). “Kalshi is asking the CFTC to approve its dangerous unlawful sneaky […]
WASHINGTON, D.C.—Today, the U.S. Securities and Exchange Commission (SEC) finalized a rule that requires publicly traded companies to disclose significant cybersecurity incidents and to inform investors about their policies and procedures regarding cybersecurity risk management. Legal Director and Securities Specialist Stephen Hall released the following statement: “Cybersecurity is one of the most important issues that […]
WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President, and CEO, issued the following statement in connection with the release of a Fact Sheet outlining Wall Street’s “Ten False Claims About Capital” ahead of the Federal Reserve (Fed) and the Federal Deposit Insurance Corporation (FDIC) meetings on Thursday, July 27, when they are expected to propose capital requirements. “Bank […]
Washington, D.C. – Dennis Kelleher, Co-Founder, President and CEO of Better Markets, announced today that Shayna Olesiuk, CFA, who most recently served as Deputy Director for Deposit Insurance and Risk Analysis in the Division of Insurance and Research for the Federal Deposit Insurance Corporation (FDIC), has joined Better Markets as Director of Banking Policy. “The recent […]
WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President, and CEO, issued the following statement welcoming Members of Congress as well as hundreds of advocacy groups, experts, and citizens in opposing KalshiEX, LLC’s (Kalshi) attempt to get the Commodities Futures Trading Commission (“CFTC”) to legalize gambling on U.S. elections. Congressman John Sarbanes and Jamie Raskin filed a comment […]
WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President, and CEO, issued the following statement in connection with Better Markets’ comment letter filed with the Commodities Futures Trading Commission (“CFTC”) regarding KalshiEX, LLC’s (Kalshi) self-certified political control event contract. Better Markets also led a letter from numerous organizations and individuals opposing Kalshi’s contract, including Public Citizen, Citizens United, and Take […]
WASHINGTON, D.C.— Dennis M. Kelleher, Co-founder, President, and CEO of Better Markets, issued the following statement on the filing of Better Markets’ Comment Letter to the Federal Deposit Insurance Corporation (FDIC) in response to the agency’s proposed rule for special assessments to recover losses resulting from the protection of uninsured depositors at the failed Silicon […]
WASHINGTON, D.C.—Legal Director and Securities Specialist Stephen Hall issued the following statement on the filing of Better Markets’ Comment Letter to the Securities and Exchange Commission (SEC) in response to the agency’s proposed rule to strengthen and reinforce the requirements governing clearing agencies and better protect investors: “Clearing agencies play a crucial, if often underappreciated, […]
WASHINGTON, D.C.—Tomorrow, the House Financial Services Committee will hold hearings on the proxy voting process and the proxy advisor industry. Legal Director and Securities Specialist Stephen Hall released the following statement: “As these hearings begin, it is important to keep in mind that the right to vote on the election of corporate leaders and major […]
WASHINGTON, D.C.—Dennis Kelleher, Cofounder, President, and CEO, issued the following statement regarding a letter he sent to the leadership of the U.S. House Committee on Agriculture and the Committee on Financial Services expressing concerns with provisions in its Crypto Market Structure Discussion Draft (“Discussion Draft”): “As lawmakers consider the path forward on crypto regulation, they […]
WASHINGTON, D.C.—Today, the U.S. Securities and Exchange Commission (SEC) finalized rules in an attempt to address the risks posed to investors and the economy by money market funds (MMFs). Legal Director and Securities Specialist Stephen Hall released the following statement: “The rules adopted by the SEC today include important reforms, but they do not go […]
WASHINGTON, D.C.— Dennis M. Kelleher, Cofounder, President and CEO, issued the following statement in connection with the release of a fact sheet entitled “The Review Process for Bank Mergers and Acquisitions Is Seriously Deficient”: “America’s Main Street families benefit from a diversified banking system, from community banks to regional banks to large banks. Done right, […]
WASHINGTON, D.C.— Legal Director and Securities Specialist Stephen Hall issued the following statement in connection with the release of a Fact Sheet concerning investing with regard to environmental, social, and governance (ESG) factors, ahead of a House Financial Services Committee hearing: “The expression that people ‘vote with their feet’ has never been more true than […]
WASHINGTON, D.C.— Dennis M. Kelleher, Cofounder, President and CEO, issued the following statement in connection with Federal Reserve Board (Fed) Vice Chairman for Supervision Michael Barr’s speech on bank capital rules: “The only thing standing between a failing bank and a taxpayer bailout is the amount of capital a bank has to absorb its own […]
WASHINGTON, D.C.— Stephen Hall, Better Markets’ Legal Director and Securities Specialist, issued the following statement in connection with yesterday’s filing of an amicus curiae brief in the U.S. Supreme Court in Murray v. UBS Securities LLC. The brief was led by The Anti-Fraud Coalition and joined by Better Markets and The National Employment Lawyers Association: “Whistleblowers play […]
WASHINGTON, D.C.— Dennis M. Kelleher, Cofounder, President and CEO, issued the following statement on the Federal Reserve’s release of the 2023 Dodd-Frank Act stress test results: “Wall Street is the new Lake Wobegon where every gigantic bank again passed the Federal Reserve’s latest Dodd-Frank Stress Tests. But Wall Street being Wall Street, those banks aren’t […]
WASHINGTON, D.C.— Cantrell Dumas, Director of Derivatives Policy, issued the following statement on the release of Better Markets’ fact sheet “Grilling in the Face of Soaring Commodity Prices: Impact on Barbecue Essentials.” “Fire up the grills and get ready for a sizzling Fourth of July celebration! As families across the nation gear up for their […]
WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President, and CEO, issued the following statement after the announcement by the Commodity Futures Trading Commission (CFTC) that it has commenced a review of self-certified event contracts by KalshiEX, LLC (Kalshi) concerning which political party will be in control of each chamber of the U.S. Congress, under CFTC Regulation 40.11(c): […]
WASHINGTON, D.C.— Legal Director and Securities Specialist Stephen Hall issued the following statement in connection with the release of a Fact Sheet on the SEC’s market structure reforms and the role of cost-benefit analysis, ahead of a House Financial Services Committee hearing, where legislation involving those issue will be considered. “Anyone evaluating the SEC’s market […]
WASHINGTON, D.C.—Legal Director and Securities Specialist Stephen Hall issued the following statement on the filing of Better Markets’ Comment Letter to the Office of Management and Budget on proposed changes to its guidance for evaluating proposed federal agency rules: “This proposal represents an important and necessary step toward improving the regulatory process and ultimately the […]
WASHINGTON, D.C.— Dennis M. Kelleher, Cofounder, President and CEO, issued the following statement in connection with the Senate Banking Committee hearing on President Biden’s nominees to the Federal Reserve Board, Dr. Jefferson to be Vice Chair and Drs. Cook and Kugler to be Governors. A detailed overview of the nominees can be found here. “President […]
WASHINGTON, D.C.— Dennis M. Kelleher, Co-founder, President and CEO, issued the following statement in connection with Federal Reserve Board of Governors’ Chair Jay Powell’s Testimony before House and Senate hearings this week. Better Markets released a “6 Key Questions” Fact Sheet ahead of the hearings available here. “The Chair of the Federal Reserve Board is […]
Washington, D.C. – Dennis Kelleher, Co-Founder, President and CEO of Better Markets, announced today that Benjamin Schiffrin, who most recently served as Associate General Counsel in the Office of the General Counsel for the Securities and Exchange Commission (SEC), has joined Better Markets as Director of Securities Policy. “As the SEC fulfills its mission and mandate […]
WASHINGTON, D.C.— Legal Director and Securities Specialist Stephen Hall issued the following statement on a new Better Markets Fact Sheet released after CFPB Director Rohit Chopra appeared before House Financial Services Committee and Senate Banking oversight hearings. “The CFPB is under relentless attack from the financial industry and its allies in Congress precisely because it has […]
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.
