GameStop and Protecting Investors
2021-05-08T12:53:55-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvYzhhXC8yMDIxMDUwODEzNTE1NjAwMV9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Securities and Exchange Commission (SEC) Chair Gary Gensler testified before the House Financial Services committee on regulating retail trading to protect consumers from trading surges in stocks such as GameStop. Chair Gensler raised concerns about Robinhood, the increased “gamification” of trading, and the influence of social media platforms to manipulate the market. The chair also talked about the need to regulate cryptocurrencies, which he said have a $2 trillion value. Also testifying were Michael Bodson, the Depository Trust and Clearing Corporation (DTCC) president and CEO, and Robert Cook, the Financial Industry Regulatory Authority (FINRA) president and CEO.
Securities and Exchange Commission (SEC) Chair Gary Gensler testified before the House Financial Services committee on regulating retail tra… read more
Securities and Exchange Commission (SEC) Chair Gary Gensler testified before the House Financial Services committee on regulating retail trading to protect consumers from trading surges in stocks such as GameStop. Chair Gensler raised concerns about Robinhood, the increased “gamification” of trading, and the influence of social media platforms to manipulate the market. The chair also talked about the need to regulate cryptocurrencies, which he said have a $2 trillion value. Also testifying were Michael Bodson, the Depository Trust and Clearing Corporation (DTCC) president and CEO, and Robert Cook, the Financial Industry Regulatory Authority (FINRA) president and CEO. close
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