In The News

Wall Street Journal October 24, 2018 — “Without more guidance from the SEC, it’s hard for exchanges to know if they’re making the right choice by introducing speed bumps”, according to Tyler Gellasch, executive director of Healthy Markets Association, which represents large investors. “This looks like it may have some of that information,” he said […]

Bloomberg October 15, 2018 — Whatever the impact on consumers, some believe payments for order flow may not be a sustainable revenue source for Robinhood, thanks to regulatory pressures and consumer ire. “Robinhood’s revenue model could easily disappear,” said Tyler Gellasch, executive director of Healthy Markets, an investor advocacy group. “They’ve made it clear that […]

Wall Street Journal September 21, 2018 —  A federal judge in Nebraska ruled a class action lawsuit could proceed against TD Ameritrade Holding Corp citing serious and credible allegations of securities fraud stemming from the company’s order routing practices. “Are they routing orders in ways that give their customers the best prices, or make them […]

Law 360 September 11, 2018 —  Tyler Gellasch comments on an expected proposal by the U.S. Securities and Exchange Commission that would expand who can participate in private securities offerings could modernize decades-old standards that bar many investors from access. (Full Story)

Washington Examiner July 17, 2018 — In a story about the financial regulatory relief bill, Tyler Gellasch, Executive Director of Healthy Markets Association, suggested it “could run counter to the larger goal of reversing the decline in initial public offerings. ”I suspect we won’t see an uptick in IPOs, but we will see greater costs and […]

Wall Street Journal July 11, 2018 — The New York Stock Exchange is stirring tension between some of its big listed companies and their largest investors over regulators’ efforts to study the controversial practice of assigning fees and rebates to stock trades. In the story, Tyler Gellasch Executive Director of Healthy Markets says “Corporate issuers are […]

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 the commission’s two newest members, said at advocacy group Healthy Markets’ Healthy Market Structure Conference in New York. Read more in Bloomberg BNA.

“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 buy side on market structure issues. “We’ve been working with FINRA over the past couple of years to encourage brokers to deliver improved execution […]

“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 Markets Association, a group representing large investors that has supported the SEC’s pilot. Read more in the Wall Street Journal.

“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 the Healthy Markets Association, an investor advocacy group. “My suspicion is that this dramatically clamps down on market data hikes and fee changes by the […]