In The News

A SPAC is a high-risk but potentially profitable way to get in on the ground floor of a new stock

October 20, 2020

Business Insider – In a story about how SPACs operate, Healthy Markets Executive Director Tyler Gellasch is quoted saying “multiple investors negotiating with issuers and underwriters simultaneously, about specific terms like the offering price, executive compensation, underwriter rights, and multiple other issues”. And, “”It helps if a would-be investor has an existing relationship with a […]

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Second Trump term could be boon for private market offerings

October 11, 2020

Investment News – In a story about the SEC expanding private markets, Healthy Markets Executive Director Tyler Gellasch is quoted saying “if there is another GOP-led SEC, it’s likely to go further on private market reform than Clayton did. Jay Clayton has expanded the private markets but hasn’t been as extreme as many GOP policymakers and regulators might […]

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US regulators step up battle with spoofing

October 3, 2020

Financial Times – In a story about spoofing securities prices by J.P. Morgan Executive Director of Healthy Markets Tyler Gellasch, said the size of the fine reflected JPMorgan’s status. Gellasch added that poor behaviour in the US Treasuries market, where more than $500bn of debt trades every day, proved to be a wake-up call for authorities. […]

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New SEC Rules May Be Good for Business but Not for Investors

September 12, 2020

Barrons – In a story about changes by the Securities and Exchange Commission that include proposals to streamline mutual fund and exchange-traded fund disclosures; new rules on corporate disclosures and regulating proxy advisors; and an expanded definition of “accredited,” investors who are allowed to own nonpublicly traded companies or securities, Healthy Markets Executive Director Tyler Gellasch […]

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SEC Gives More Investors Access to Private Equity, Hedge Funds

August 28, 2020

WSJ – In a story about the SEC voting 3-2 to expand the definition of so-called accredited investors to include holders of an entry-level stockbroker’s license, “knowledgeable employees” of nonpublic firms and others, Healthy Markets Executive Director Tyler Gellsch is quoted saying ““Now that they’ve opened this door, there’s going to be a lot of trucks […]

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SEC Leaves Door Open For More Private Market Expansion

August 28, 2020

Law 360 – In a story about the SEC’s changes to accredited investor’s, Healthy Markets Executive Director Tyler Gellasch is quoted saying “In Chairman Clayton’s final days, the SEC is continuing its hyperpartisan crusade to exempt people, companies, and industries from the protections of the federal securities laws.” and  “it’s hard to see the SEC denying accredited status […]

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Exchanges need public comment, SEC OK before raising data fees

August 21, 2020

Pensions and Investments – In a story about the SEC’s decision to remove the immediatly effective status on rule filings, Healthy Markets Executive Director Tyler Gellasch is quoted saying “The change is long past due. When for-profit exchanges are setting fees for essential market data, the public deserves to have an opportunity to object before […]

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Too Much, Too Late?

August 13, 2020

Traders Magazine – In a story about the Securities and Exchange Commissions proposal to provide modest reforms to market data infastructure, Healthy Markets Executive Director Tyler Gellasch is quoted saying “As it stands, the SEC proposal solidifies the advantage of the exchanges’ proprietary feeds over SIPs, by explicitly allowing a latency advantage to the former. […]

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SEC director calls for private markets to open up for retail investors

August 2, 2020

Financial Times – In a story featuring SEC’s Director of Investment Management, Dalia Blass talking about opening up private markets to retail investors, Healthy Markets Executive Director Tyler Gellasch said “said more ordinary investors would be exposed to greater risks and higher fees by the determination of the SEC Commissioners to expand access to private markets. […]

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Colorado pensions CIO on battle to protect retirement benefits

July 18, 2020

Financial Times – In a story about Colorado PERA, Healthy Markets member firm and Board Member, Amy McGarrity is featured.  Of Ms. McGarrity, Healthy Markets Executive Director Tyler Gellasch is quoted “describes her as having “a good knack for spotting policy areas where improvements could be made to help investors”, pointing to her advocacy on […]

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