In The News

Investors and regulators need to focus on risks of benchmark-linked investments, report says

By Healthy Markets / March 7, 2019

Pensions & Investments March 7, 2019 — In an article by Hazel Bradford of Pensions and Investments about the Healthy Markets Benchmark Report, Tyler Gellasch Executive Director of Healthy Markets “recommends that investors in these products conduct due diligence so they understand how the indexes work and the conflicts of interest.” (Full Story)

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Healthy Markets Association Releases New Report: Benchmark-Linked Investments: Managing Risks and Conflicts of Interest

By Healthy Markets / March 7, 2019

PR Web On Thursday, March 7, 2019, the Healthy Markets Association released a ground-breaking report on improving oversight of benchmark-linked investments.  Millions of investors have placed trillions of dollars into investment products that are linked to benchmarks for interest rates, foreign exchange rates, equities prices, and countless other reference points. These benchmark-linked investment products range from […]

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Invesco, Wellington and Dodge & Cox eye global adoption of MiFID II

By Healthy Markets / March 4, 2019

Financial Times March 4, 2019 – Healthy Markets Executive Director, Tyler Gellasch was quoted in the Financial Times regarding MiFID II. Mr. Gellasch said “Asset managers need to be able to shop separately for research and trading.” He said US fund groups felt they were at a disadvantage to their European peers, which have freedom […]

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Governance concerns still in focus as Long-Term Stock Exchange plans launch

By Healthy Markets / March 4, 2019

S&P Global Intelligence March 4, 2019 – In an article about the Long Term Stock Exchange’s governanace plan, Healthy Markets Executive Director, Tyler Gellasch is quoted saying “There’s a big distinction between saying you want to help long-term investors and implementing policies and rules that would actually do that.” (Full Story).

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NYSE, Cboe, Nasdaq Move to Block SEC Transaction Fee Pilot Program

By Healthy Markets / February 15, 2019

Pensions & Investments February 15, 2019 — Tyler Gellasch, Executive Director of the Healthy Markets Association,  responded to the three dominant stock exchanges’ suits against the SEC for the Transaction Fee Pilot by stating that “Having lots its battle with the SEC, NYSE is now appealing to the courts of public opinion and the federal […]

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SEC Commissioner Peirce Wants to Move Ahead on Advice Reform Quickly

By Healthy Markets / February 12, 2019

InvestmentNews February 12, 2019 — Securities and Exchange Commission member Hester Peirce said Tuesday she wants the agency to complete investment advice reform soon, an indication that a rule could be coming by summer. As he pushes to finish the rule, Mr. Clayton is going to face “political risks and legal risks,” said Tyler Gellasch, executive […]

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How Does Robinhood Make Money?

By Healthy Markets / February 10, 2019

TheStreet February 10, 2019 — Robinhood is an online investment and trading app launched in 2013 that boasts a commission-free model and keeps costs low for investors to trade stocks, ETFs, options and even cryptocurrency without paying commissions. “Robinhood’s revenue model could easily disappear,” Tyler Gellasch, executive director of Healthy Markets (an investor advocacy group), told Bloomberg […]

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CAT Faces More Delays

By Healthy Markets / February 4, 2019

MarketsMedia February 4, 2019 — On January 29, the SEC appointed Manisha Kimmel as senior policy advisor for regulatory reporting, or more informally the “CAT Tsar,” and who reports to SEC Chairman Jay Clayton. “SEC Commission Kara Stein pushed for a CAT Tsar who would report directly to the SEC chair to make sure that it […]

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Get Ready for More Exchanges

By Healthy Markets / January 29, 2019

Traders Magazine January 29, 2019 — This item was originally printed in Healthy Markets Association’s Market Structure Insights, January 2019 edition. This year, we at Healthy Markets expect several new securities exchanges to be approved by the SEC. The leading stock exchange contenders are the LTSE and MEMX. Both pose very interesting questions for the markets and […]

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Wall Street Braces for MiFID-Style Rules Descending on the U.S.

By Healthy Markets / January 23, 2019

Bloomberg January 23, 2019 — Tyler Gellasch, who runs a trade group whose members include the California Public Employees’ Retirement System, predicts it’s only a matter of time that the U.S. goes the way of Europe because that’s what pension funds want. “The cat is out of the bag,” said Gellasch, the executive director of […]

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