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Public interest groups, including Better Markets, held just 19.
Dennis Kelleher's organization, Better Markets, has also been most effective.
Better Markets and Ms Warren both revel in bashing banks.
Better Markets does not march against banks, or bring loudspeakers to their lobbies.
So Mr. Masters agreed to finance Better Markets for a minimum of five years.
The odds remain against Better Markets and fellow public-interest advocates, Mr. Kelleher concedes.
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"Commodity markets functioned fairly and effectively for over sixty years," wrote David Frenk, executive director of the market-transparency advocacy group Better Markets in a June paper.
Mr. Masters, the hedge fund manager who had met Mr. Kelleher when he testified on Capitol Hill, convinced him to help him start a nonprofit, Better Markets.
(For more on this and all other dimensions of the Volcker Rule, see Better Markets' "Everything You Need to Know About the Volcker Rule").
Jamie Dimon has been a relentless critic of financial reform," said Dennis Kelleher, president of Better Markets, which supports tougher regulation of banks.
In a 2012 report, the advocacy group Better Markets noted that the S.E.C.'s "pre-eminent duty" is to "protect investors".
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