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June 14, 2016

The SEC Must Shine a Bright Light on Dark, Corrupting Money in Politics

FOR IMMEDIATE RELEASE
Tuesday, June 14, 2016
Contact: Nick Jacobs, 202-618-6430 or njacobs@bettermarkets.com

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 money from millionaires and billionaires directing corporations to secretly spend that money to elect candidates beholden to them.  As Sen. Chuck Schumer, the Vice Chairman of the Senate Democrats, said today, dark political money is undermining our democracy and it threatens to ruin our country.  The SEC has the power to shine a light on this corrosive, corrupting practice and require disclosure of all political spending by public companies.  Investors, the American people and our democracy deserve no less.”

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Better Markets is a non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again. Better Markets works with allies – including many in finance – to promote pro-market, pro-business and pro-growth policies that help build a stronger, safer financial system that protects and promotes Americans’ jobs, savings, retirements and more. To learn more, visit www.bettermarkets.com.

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