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This is a shocking and disturbing story of dereliction of duty by FINRA and the SEC, and egregious, repeated misconduct by JP Morgan Chase, including the creation of false evidence by a “compliance manager” used... Read More
Better Markets filed an amicus brief urging the D.C. Circuit Court of Appeals to uphold the SEC’s critical Transaction Fee Pilot program, which it initiated last year to study the effects of the legalized kickbacks... Read More
Last Sunday was the 11th anniversary of the 2008 crash of Lehman Brothers investment bank and the onset of the worst financial crash since 1929 and the beginning of the worst economic catastrophe for the country since the... Read More
Introduction Although still a work in progress, this is a comprehensive and frequently updated webpage for all things Volcker Rule, including proposed rules, comment letters, analysis, media, presentations and much more.... Read More
What's Below? A Debate Night Thought: Wall Street Should Be Rooting for Elizabeth Warren! Better Markets Speaks Truth to Power at Fed Stress Tests Conference A Debate Night Thought: Wall Street Should Be Rooting... Read More
Stress tests, as we’ve detailed here, have been invaluable in strengthening our financial system. They are vital tools that protect taxpayers and our economy by making sure that banks have enough capital to absorb... Read More
The Democratic candidates are debating again tonight and tomorrow night. While they will no doubt talk about lots of issues, there’s one that should get outsized attention but probably won’t: how do we... Read More
Better Markets President and CEO Dennis Kelleher was asked to testify at a key Senate hearing on June 25, when he reminded lawmakers that America’s top five gigantic, derivative-dealing banks must be properly regulated... Read More
U.S. banking regulators have issued another round of dangerous de-regulatory proposals that will increase the likelihood of another financial crisis. These rule proposals would scale back three of the most important banking... Read More
It’s hard to believe, but some brokerage firms specialize in hiring recidivist brokers ⁠— those with 3, 4, 5 and even more customer-related disciplinary infractions on their record. These “predator wolf-... Read More
Stress tests, as we’ve detailed here, have been invaluable in strengthening our financial system. They are vital tools that protect taxpayers and our economy by making sure that banks have enough capital to... Read More
Stress tests are critical tools to protect the economy and taxpayers.  Such tests, which regulators conduct on banks to see if they could survive a financial shock without failing, would have been invaluable  ... Read More
Almost everything you buy (gas, cereal, coffee, etc.) is connected to complex financial instruments called “derivatives,” about 90% of which are controlled by the five biggest Wall Street banks.  If those... Read More
A decent job with good wages that can support a family, buy a home, put the kids through college while saving for retirement and maybe even going on a nice vacation once in a while. A future for the kids that is better... Read More
With the first Democratic presidential candidates’ debate this Wednesday and Thursday, it’s a good time to look at what they’ve been saying and the key issues, which we will be doing often over the next... Read More
Wall Street banks and corporations and their lobbyists, trade groups and political allies have been trying for years to take away the rights that consumers and investors have to recover money when they are ripped off by... Read More
  Too often bad laws, rules and regulations are obfuscated with ambiguous language and provisions or outright false wrapping and rhetoric. That’s what happened this week when the SEC finalized a misleadingly... Read More
If you have a Chase credit card, Chase is about to take away your legal rights if Chase rips you off.  But, you can stop them if you act quickly.  We will explain below what they are doing, why it’s so... Read More
Last week, the Financial Times exclusively reported that the Department of Justice is considering criminal charges against Goldman Sachs for its involvement in the 1MDB crime spree. If you haven’t been following... Read More