Washington Post – In a story about billionaire Elon Musk buying Twitter, Healthy Markets Executive Director Tyler Gellasch is quoted saying “Regulators could raise objections to Musk potentially collateralizing the purchase with Tesla stock. This is buying a lot of one company by borrowing against billions of dollars in shares of another company, and that […]
Market Watch – In a story about Elon Musk becoming Twitter stocks largest shareholder, Healthy Markets Executive Director Tyler Gellasch is quoted saying “Musk’s new 9.2% stake by itself does not give him any direct control of Twitter. The question then becomes even if he doesn’t explicitly have direct control or formal control, will he […]
Reuters – In a story about potential SEC changes to market structure, Healthy Markets Executive Director Tyler Gellasch is quoted saying “he expects the agency to clarify that “best execution” requires brokers to obtain the best available price rather than a fractional price improvement.”I expect it will say to the industry: ‘you have to give […]
WSJ – In a story about a presidential order regarding the oversight of crypto currencies, Healthy Markets Executive Director Tyler Gellasch is quoted saying ““Silicon Valley and their army of new lobbyists may have feared the worst, and instead the White House is rolling out the welcome mat. Politicians and lobbyists are likely to use […]
Reuters – In a story about activist investors, Healthy Markets Executive Director Tyler Gellasch is quoted saying “activists do play a “critical” role in pushing for change but was skeptical the rule would seriously harm them.” (Full Story).
WBEZ – In a story about Citadel’s investment into gun and ammunition manufacturers, Healthy Markets Executive Director Tyler Gellasch is quoted saying “Based on their holdings, it appears that they have pretty significant engagement and exposure to the sector, and that’s a choice they’re making whether for their hedge fund or their market maker. “Those […]
Law 360 – In a story about LIBOR reversal, Healthy Markets Executive Director Tyler Gellasch is quoted calling the opinion “a head scratcher in every respect,” and pondered what else prosecutors would have needed to do to secure a conviction. “There isn’t a reasonable dispute over whether the rates were manipulated. But the court suggeststhat […]
Law 360 – In a story about the SEC moving to tighten eligibility in the private market, Healthy Markets Executive Director Tyler Gellasch is quoted saying “Wealth and income are terrible proxies for sophistication and sophistication is a terrible proxy for whether or not the securities laws should apply. No matter how sophisticated you are, you […]
Marketwatch – In a story about SEC Chair Gary Genslers aggressive agenda, Healthy Markets Executive Director Tyler Gellasch is quoted saying “If anything has been made clear over the past few years, it’s that a lot of rules have to be fixed, from stock and treasuries trading to crypto. Investors are increasingly questioning the stability […]
FT – In a story about Coinbase and crypto, Healthy Markets Executive Director Tyler Gellasch is quoted saying “In the securities world, conflicts of interest have to be identified, disclosed and managed. In crypto, it seems to be a free-for-all.” (Full Story).