Supreme Court ignites wave of lawsuits against federal regulations

The Washington Post – HMA President & CEO Tyler Gellasch is quoted in an article related to a trio of pivotal rulings from June from the Supreme Court, business and lobby groups are seeking to invalidate a vast array of federal climate, education, health and labor rules. The American Securities Association for example, tried to convince a court this year that the Securities and Exchange Commission had no legal basis to monitor trades closely in real time via the Consolidated Audit Trail. “These claims would have been laughed out of the room just a couple years ago,” said Tyler Gellasch, the president of the Healthy Markets Association, which has advocated for greater SEC authority in the decade since the 2010 “flash crash” that gashed markets. He warned the SEC stands to have “have less info about trading markets than it’s had since the advent of the personal computer.” (Full Story).

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