In The News

The exchanges’ legal mandate to maximize profits even as they operate as self-regulatory organizations sets up a conflict where investor protection could be sacrificed for financial gain, Jackson, one of […]

“One of our major areas of focus is best execution,” says Tyler Gellasch, executive director of the Healthy Markets Association, which was formed in 2015 to advocate on behalf of […]

“The letters lay out a very clear threat to the SEC: If you go forward, we are going to consider suing you,” said Tyler Gellasch, executive director of the Healthy […]

“This is an unprecedented step for the SEC to say to the exchanges that they have to do a better job justifying their changes,” said Tyler Gellasch, executive director of […]

But if the big exchanges “thought raising listing standards would lead to more listings and business, I would expect them to give it a try,” says Tyler Gellasch, executive director […]

The infractions point back to a question that can addle investors: Do they really know what their brokers are doing? This settlement is glaring proof that the Securities and Exchange […]

“The SEC is going to regulate not only the products but the places where they trade and who trades them,” said Tyler Gellasch, a former SEC official who is now […]

Tyler Gellasch, executive director of Healthy Markets Association, an investor-focused trade group, said the case “shows the SEC is starting to hold the exchanges accountable for major market disruptions, like […]

These “order types could be used to sniff out orders, thereby leading to information leakage that favored floor brokers over other customers,” Tyler Gellasch, executive director of an investor advocacy […]