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Must-read investigative report highlights Wall Street’s taxpayer-backed too-big-to-fail banks latest lobbying to avoid key financial reforms designed to protect U.S. taxpayers from having to bail out Wall Street again... Read More
"Nearly seven years after the financial crisis, the uncomfortable truth for the banking industry is that populist anger remains alive and well. "Public skepticism of large financial institutions has permeated the... Read More
"The sharp drop in the stock and commodities markets on Monday raised some critical questions for policymakers, touching on everything from whether asset managers are systemically risky to if the central bank would now... Read More
“Your editorial fails to mention that conflicted investment advice costs Americans saving for retirement tens of billions of dollars a year in lost savings. Due to an outdated 40-year-old rule riddled with loopholes,... Read More
Listen to the Corporate Crime Reporter Morning Minute for August 21, 2015 on the SEC's $180 million settlement with Citigroup for defrauding investors by Russell Mokhiber here.
SEC "enforcement" still failing. Justice delayed is justice denied: The Securities and Exchange Commission (SEC) this week announced a nearly $180 million settlement with two Citigroup affiliates (... Read More
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... Read More
"In the roughly seven years since the failure of Lehman Brothers and Bear Stearns and the near-failure of many of the largest U.S. financial institutions, it is abundantly clear that criminal or civil charges against... Read More
"Last month, the nonpartisan financial reform organization Better Markets put out a report claiming that the total cost for the 2008 financial crisis and resulting recession reached $20 trillion. The number comes... Read More
"A federal appeals court asked for the Delaware Supreme Court’s advice in a $6.25 billion suit against JPMorgan’s Chase & Co.’s board of directors that could reshape how boards... Read More
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... Read More
"Better Markets does a comprehensive wrap up on the Department of Labor’s marathon four-day hearing on its fiduciary standard proposal for retirement investment advisors. Current law allows brokers and other... Read More
"Financial regulation is emerging as a “prominent” issue in 2016 race as both Democratic and Republican presidential candidates seek to tap voters’ sense that Wall Street still poses a “threat... Read More
"The industry, naturally, treats this as the end of civilization as we know it. During a four-day hearing by the Department of Labor this week, an industry lobbyist fretted that "the new conflict of interest and... Read More
File under "there should be a law": Wall Street's biggest banks, their trade groups and many others in the finance industry are relentlessly attacking a proposed rule that would merely require them to put the... Read More
FOR IMMEDIATE RELEASE Thursday, August 13, 2015 Contact: Jeff Gohringer, 202-618-6430 or jgohringer@bettermarkets.com​  Better Markets Statement Following the Conclusion of DOL’s Unprecedented Four-Day... Read More
"Tough new regulatory requirements for regional banks exceeding $50 billion in assets are costly, but much of that toll would remain even if Congress changed the asset threshold, according to a provocative new paper.... Read More
"The Bank of England will study the cumulative economic costs of financial regulations introduced since the global financial crisis, it said on Tuesday, after the government told it to help promote competition and... Read More
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... Read More
FOR IMMEDIATE RELEASE Monday, August 10, 2015 Contact: Jeff Gohringer, 202-618-6430 or jgohringer@bettermarkets.com Better Markets: No More Secret SIFMA Studies or Meetings​ **Click Here to Download: Fact Sheet: Don... Read More

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