Stephen Hall | Better Markets

The SEC’s Money Market Fund Rules Need to Stop Investor Runs, Promote Systemic Stability, and Protect Taxpayers, Not MMF Profits

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 […]

Better Markets Applauds CFPB’s Examination of Junk Fees and Highlights Potential Reforms to Protect American Consumers

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 response to the agency’s request for information on junk fees: “Every year, bank and non-bank financial institutions charge tens of billions of dollars in fees to consumers. […]

SEC Proposal Will Make Stock Trading More Efficient, Less Risky

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 […]

The SEC Must Stop Bleeding Public Markets Dry

WASHINGTON, D.C.— Today, Legal Director and Securities Specialist Stephen Hall issued the following statement on the release of Better Markets’ newest report: The SEC Must Stop Bleeding Public Markets Dry: “Over the last several decades, the SEC’s steadily expanding exemptions from the registration requirements in the U.S. securities laws have shifted capital-raising activities between two […]

Confirmation of Judge Ketanji Brown Jackson a Victory for Main Street

WASHINGTON, D.C.— Today, Legal Director and Securities Specialist Stephen Hall released the following statement in response to the U.S. Senate’s confirmation of Judge Ketanji Brown Jackson to the U.S. Supreme Court: “We are pleased that the U.S. Senate has confirmed Judge Ketanji Brown Jackson to join the U.S. Supreme Court, making history as the first […]

Better Markets Urges SEC to Close Loopholes That Allow Abusive Insider Trading

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 […]

SEC Takes Promising Step in Addressing Investor Protection Concerns with SPACs

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 […]

Better Markets Urges SEC to Adopt Strong Anti-Fraud Rules, Without Loopholes, for Security-Based Swaps that Contributed to the Crisis

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 […]

Better Markets Applauds SEC For Proposed Improvements to Reporting Requirements to Private Funds That Will Improve Ability to Monitor Markets and Protect Investors

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 […]

Better Markets Supports SEC Proposal on the Relationship Between Executive Pay and Company Performance But Urges Enhancements

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 that would require companies to disclose how executive compensation relates to the company’s financial performance: “This rule was mandated under the Dodd-Frank Act, and its core […]

Better Markets, Joined by the Consumer Federation of America, Files Amicus Brief Urging Tenth Circuit to Give Investors Claiming Market Manipulation a Chance to Prove Their Case

FOR IMMEDIATE RELEASE Thursday, February 3, 2022 Contact: Evelyn Swan at 202-618-6433 or [email protected] WASHINGTON, D.C.—Stephen W. Hall, Legal Director and Securities Specialist for Better Markets, released the following statement after Better Markets and the Consumer Federation of America filed an amicus brief urging the U.S. Court of Appeals for the Tenth Circuit to reverse […]

Better Markets Applauds SEC Proposed Rule Amendments To Enhance Private Fund Reporting

FOR IMMEDIATE RELEASE Wednesday, January 26, 2022 Contact: Evelyn Swan at 202-618-6433 or [email protected] WASHINGTON, D.C.—Stephen Hall, Better Markets Legal Director and Securities Specialist, released the following statement on the SEC’s proposed amendments to reporting requirements for advisers to hedge funds, liquidity funds, and private equity funds: “We applaud the Securities and Exchange Commission for […]

The SEC Whistleblower Program Is a Resounding $5 Billion Success Story With a Bright Future

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 […]

Better Markets Urges SEC to Finalize Rule Ensuring Greater Transparency in the Securities Lending Market

FOR IMMEDIATE RELEASE Tuesday, January 11, 2022 Contact: Doug Walker at 202-618-6430 or [email protected] 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 require the reporting and public dissemination of key data about […]

Better Markets Supports CFPB Proposal to Fight Gender and Racial Financial Inequality by Requiring Robust Small Business Lending Data Collection

FOR IMMEDIATE RELEASE Thursday, January 6, 2022 Contact: Doug Walker at 202-618-6430 or [email protected] 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 on its proposal to require financial institutions to collect and report demographic and other data […]

Better Markets Urges SEC to Rescind Trump-Era Provisions That Make It Harder for Investors to Receive Independent Advice on Proxy Votes

FOR IMMEDIATE RELEASE Tuesday, December 28, 2021 Contact: Doug Walker at 202-618-6430 or [email protected] 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 regarding its proposal to rescind Trump-era requirements that unnecessarily burden proxy advisory firms: “We support […]

Better Markets Letter Supports Enhanced Disclosure of Proxy Voting by Registered Investment Companies

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 […]

The Swearing in of Rohit Chopra as Director of the CFPB Is a Great Day for Consumers Confronting Abusive Payday Lenders, Predatory Banks, and a Broken Student Loan System

Washington, D.C. – Stephen Hall, Legal Director and Securities Specialist for Better Markets, issued the following statement on the swearing-in of Rohit Chopra as the new Director of the Consumer Financial Protection Bureau (CFPB): “With Director Chopra officially installed as the CFPB’s Director, we can rest assured that the agency will once again fulfill its […]

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