HMA In the News

SEC’s Direct Listings Expansion Could Invite New Risks

January 11, 2021

Law 360 – In a story about how direct listings could pose risk, Healthy Markets Executive Director Gellasch noted that underwriters can also push back on controversial corporate governance structures that may not sit well with investors, such as voting arrangements that grant outsize control to founders. In addition, underwriters can arrange for research coverage […]

How exchange operators have grown bigger and bigger

December 11, 2020

Financial Times – In a story about global exchanges snapping up data, financial services and trading companies, Healthy Markets Executive Director Tyler Gellasch is quoted saying “that the takeover by Deutsche Börse risked eroding customers’ trust in ISS. How much will investors trust the advice of a company that has so many deep relationships with […]

SEC updates market data infrastructure rules

December 9, 2020

Pensions & Investments – In a story about the new market data rules adopted by the SEC, Healthy Markets Executive Director Tyler Gellasch is quoted saying “the reforms aimed at making the public equity markets operate less costly and more usefully are welcome, but are likely to add complexity for market participants and risks to […]

US exchanges face added pressure on data fees under SEC clampdown

December 9, 2020

FT – In a story about the SEC adopting reforms to the public market data streams, Healthy Markets Executive Director Tyler Gellasch is quoted saying “While we welcome reforms to make the public equity market data stream less costly and more useful, these [SEC] reforms will likely add significant complexity for market participants and risks […]

SPAC IPOs Surge

December 9, 2020

Global Finance – In a story about Special Purpose Acquisition Companies, Healthy Markets Executive Director Tyler Gellasch is quoted saying “SPACs are fraught with peril for investors. Investors often have only a short time to review disclosures. Traditional IPOs, by contrast, require months for investors to uncover potential flaws, as happened in the canceled WeWork offering. […]

SEC market data overhaul rankles Nasdaq, NYSE

December 9, 2020

Politico Pro – In a story about the SEC’s adoption of new public market data rules, Healthy Markets Executive Director Tyler Gellasch is quoted saying “while we welcome reforms to make the public equity market data stream less costly and more useful, these reforms will likely add significant complexity for market participants and risks to […]

The Finance 202: Preet Bharara, Gary Gensler top list of potential picks for SEC chair

December 9, 2020

Washington Post – In a story about Preet Bhara and Gary Gensler as top picks for SEC chair, Healthy Markets Executive Director Tyler Gellasch is quoted. (Full Story).

Biden economic adviser stokes fear on left over Wall Street-friendly past

December 7, 2020

Politico – In a story about Biden’s pic for NEC director, Healthy Markets Executive Director Tyler Gellasch is quoted saying “Brian Deese may be a very good NEC Director,” He’s really smart and works hard. But when he was in the Obama admin, he pushed FOR financial deregulation and austerity.” (Full Story).

Biden White House jobs go to BlackRock alumni, rather than to former Goldman bankers

December 1, 2020

Market Watch – In a story about Biden administration choices to fill roles at the Treasury and National Economic Council, Healthy Markets Executive Director Tyler Gellash was quoted in the story saying “By picking folks with deep ties to large asset managers, the administration can help assuage financial executives’ concerns. It sends a clear signal […]

BlackRock Emerges as Wall Street Player in Biden Administration

December 1, 2020

WSJ – In a story about Blackrocks role in the Biden administration, Healthy Markets Executive Director Tyler Gellasch is quoted saying “By picking folks with deep ties to large asset managers, the administration can help assuage financial executives’ concerns. It sends a clear signal to the industry to breathe easier: They can plan for stability […]