WASHINGTON, D.C.—Benjamin Schiffrin, Better Markets’ Director of Securities Policy, issued the following statement on today’s filing of Better Markets’ comment letter to the SEC in connection with today’s roundtable on executive compensation disclosure requirements: “Executive compensation disclosure requirements are essential because they lay bare the disparity between the pay of senior executives and the pay […]
On Friday, March 21, The Securities and Exchange Commission’s Crypto Task Force held its inaugural roundtable, “How We Got Here and How We Get Out – Defining Security Status.” Our Benjamin Schiffrin, Director of Securities Policy, is a member of the Task Force and took part in the roundtable.
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy, issued the following statement in connection with SEC Acting Chair Uyeda’s statement indicating that the SEC may no longer defend the climate-related disclosure rule the agency adopted in 2024: “The Acting Chair suggested in his statement that the SEC lacked the authority to adopt rules requiring companies to […]
WASHINGTON, D.C.—Dennis Kelleher, President, CEO and Cofounder of Better Markets, issued the following statement in connection with the Securities and Exchange Commission’s (SEC) order limiting the information that can be collected by the Consolidated Audit Trail (CAT): “Markets and financial firms, including those who rip off investors, move at the 21st Century speed of light […]
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy, issued the following statement in connection with Better Markets’ new Report, “The SEC’s Whistleblower Program Is Key to Protecting the Economy and Main Street Americans’ Wallets”: “The US capital markets are the engine that fuels our economy, businesses, jobs, and standard of living. And our capital markets thrive […]
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 proposal on additional money market fund (MMF) reforms: “The stable NAV, which is still maintained by many MMFs, is a fiction bordering on […]
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 proposal to shorten the securities settlement cycle: “The complicated mechanics of the securities markets are largely hidden from public view, but they have […]
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 in response to the agency’s proposal to rein in abusive insider stock trading: “In light of the well-documented history of abuses involving insider trading by executives acting under the […]
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 proposal on share repurchases, also known as stock buybacks: “Stock buybacks have grown substantially in recent years and with that trend has come increasing public […]
WASHINGTON, D.C.—Legal Director and Securities Specialist Stephen Hall issued the following statement regarding the Securities and Exchange Commission’s (SEC) proposed rule regarding special purpose acquisition companies (SPACs): “We welcome today’s proposed rule on SPACs as an important step in addressing the serious investor protection concerns raised by these vehicles. The past few years have seen […]
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 in response to the agency’s proposed anti-fraud and anti-manipulation rules for security-based swaps: “Fraud, manipulation, excessive risk-taking, and a lack of meaningful transparency surrounding security-based swaps were among the most important […]
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 amendments to reporting requirements for private funds: “The proposed rule will improve the quantity, quality, and timing of information the SEC receives regarding […]
WASHINGTON, D.C.— Stephen W. Hall, Legal Director and Securities Specialist at Better Markets, issued the following statement regarding the Securities and Exchange Commission’s (SEC) proposed rule regarding disclosure of climate-related risks, released today: “We welcome today’s proposed rule from the SEC. It will go a long way toward ensuring that all investors have more robust, […]
FOR IMMEDIATE RELEASE Thursday, January 20, 2022 Contact: Doug Walker at 202-618-6430 or [email protected] WASHINGTON, D.C.—Stephen Hall, Legal Director and Securities Specialist, issued the following statement on release of a new report on the SEC Whistleblower Program: “Established by the 2010 Dodd-Frank Act, the SEC’s whistleblower program has amassed an impressive, decade-long record as an […]
As we said at the beginning of 2021, President Biden’s first term is going to be over before you know it and one quarter of it already is. While much has been accomplished, too many of administration’s initiatives and nominees have languished in the Senate, mostly due to obstruction unrelated to the merits. Regardless of […]
FOR IMMEDIATE RELEASE Wednesday, December 15, 2021 Contact: Doug Walker at 202-618-6430 or [email protected] WASHINGTON, D.C.—Stephen Hall, Better Markets’ Legal Director and Securities Specialist, released the following statement on the filing of a comment letter to the U.S. Securities and Exchange Commission in support of a proposed rule that will enhance transparency in the way […]
WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President, and Chief Executive Officer of Better Markets, released the following statement in response to the SEC investigation of Federal Reserve leaders’ trading during the pandemic and confirmation of applicability of insider trading laws to those in government: “As SEC Chairman Gensler testified at the House Financial Services Committee (quoted […]
Washington, D.C. – Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, issued the following statement regarding today’s announcement of Dan Berkovitz as General Counsel of the U.S. Securities and Exchange Commission (“SEC”): “Dan Berkovitz, the SEC next General Counsel, is highly qualified for this position given his decades of varied experience. His […]
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