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The SEC Needs a Strong Leader to Protect the U.S. Capital Markets and to Fight for Financial Reform

 

Washington DC, November 26, 2012—

“The SEC is the primary regulator for the U.S. capital markets, which are critical to our economy, businesses, well-being as a nation, and to every citizen,” said Dennis Kelleher, President and CEO of Better Markets.  “It needs strong leadership now more than ever.  The financial crisis is mostly over and the economic crisis it caused is getting better, but the hard work of making sure it never happens again is really just beginning.  All of that has to be done at the same time as the SEC’s many other essential missions are carried out, from corporate finance and investment management to broker dealers and enforcement.”

“The next SEC Chairman must understand not just the SEC, but also our capital markets, our businesses large and small, as well as the need to reform and police Wall Street,” said Kelleher.  “Expertise, experience, a diverse background and a thorough understanding of Washington, both Congress and the Executive Branch, are essential for the next Chairman.”

 

About Better Markets

Better Markets is an independent, nonprofit, nonpartisan organization that promotes the public interest in financial reform in the domestic and global capital and commodity markets. Better Markets advocates for transparency, oversight and accountability with the goal of a stronger, safer financial system that is less prone to crisis and failure thereby eliminating or minimizing the need for more taxpayer funded bailouts.

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