Today, the Healthy Markets Association announced the release of its newest report, US Equity Market Data: How Conflicts of Interest Overwhelm an Outdated Regulatory Model and Market Participants. The [INSERT LINK TO PRODUCT ] 80-page Report provides a comprehensive review of the regulatory framework, uses, and costs for both public and private US equity market data. […]
On enforcement matters, SEC staff “try to negotiate their way through things to keep it all moving” and avoid complications, said Tyler Gellasch, a former Stein counsel and executive director of the Healthy Markets Association trade group. “Commissioners typically aren’t eager to hold up a case just because they may deadlock on something political that […]
The UK’s Financial Conduct Authority drew up MiFID II with two primary concerns: that individual investors were overpaying — albeit indirectly — for research, and that investment advisors were not providing sufficiently robust trade-execution protections. That’s according to Tyler Gellasch, executive director of industry trade group Healthy Markets Association. U.S. trading and investing firms that […]
“It’s not surprising to see so many folks using the SEC’s mishandling of its own data breach to call for yet another delay,” added Tyler Gellasch, executive director of Healthy Markets Association. “It is probably not lost on the SEC that most of those same voices have been fighting the CAT for years on every […]
The SEC “went out of its way to make things worse for U.S. retirees and education savers, in an effort to help a few Wall Street banks,” said Tyler Gellasch, who runs the Healthy Markets Association, whose members include the California Public Employees’ Retirement System and Janus Henderson Group Plc. The reprieve “has empowered some […]
Tyler Gellasch, a former SEC lawyer who now leads an industry trade group, said he didn’t think the letter would dissuade the commission from launching the experiment. “It’s aggressive, but they are basically trying to buy time,” said Mr. Gellasch, who leads the Healthy Markets Association. “An extended maker-taker pilot program could threaten their competitiveness […]
“Separately shopping for research and trading will significantly reduce investors’ costs,” said Tyler Gellasch, executive director of the Healthy Markets Association, a nonprofit organization focused on improving the integrity of the nation’s financial markets. “That directly translates to higher returns and more money for retirees and college savings funds.” For the rest of The New York […]
“It’s understandable that some very large firms that provide research and trading would want to preserve a cash cow,” said Tyler Gellasch, who runs the Healthy Markets Association, whose members include the California Public Employees’ Retirement System and Janus Henderson Group Plc. “What I don’t necessarily understand is how anyone could think that it’s good policy to […]
Ms. Blass has the chops to navigate a controversial rulemaking like fiduciary duty, according to Tyler Gellasch, executive director of the Healthy Markets Association and a former counsel to SEC Commissioner Kara Stein. “Directing the staff is only part of the job; it’s also about working with the commissioners to find consensus,” Mr. Gellasch said. […]
“Just by the number of meetings they have been having and the discussions, there are signs that this is not a knee-jerk, ideological report but a much more thoughtful and carefully measured study and recommendations,” he said. “They were very careful not to tip their hand as to one side of things or the other. […]