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Better Markets Statement on SEC Commissioner Rob Jackson's Departure

FOR IMMEDIATE RELEASE
Thursday, January 16, 2020
Contact:  Christopher Elliott, 202-618-6433
celliott@bettermarkets.com

Washington, D.C.  –  Dennis M. Kelleher, Chief Executive Officer of Better Markets, issued the following statement in response to the announced upcoming departure of SEC Commissioner Rob Jackson:

“SEC Commissioner Rob Jackson knows that the financial industry’s agenda of using regulation and regulators like the SEC to maximize profits, kill competition and entrench incumbent companies simply must be subordinated to the SEC’s primary goals of investor protection and fair markets.  His deep knowledge of and experience with capital markets combined with an academic’s facility with data have enabled him to effectively rebut the self-serving and often baseless claims of the financial industry that seeks to bend the law, rules, regulation, oversight and enforcement to their advantage. 

“Commissioner Jackson has been a steadfast and effective ally in the fight for investor protection, fair markets and sustainable capital formation.  His clear and strong voice pushing the SEC to live up to its mission of putting investors first will be missed and we urge the President and Senate to move swiftly to nominate and confirm his replacement.”

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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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