| Part Of Robinhood CEO, Reddit Co-Founder & Others Testify on GameStop Stock
Report Video IssueGameStop Hearing, Part 1
2021-02-21T17:41:07-05:00https://images.c-span.org/Files/5e3/20210218121908001_hd.jpgRobinhood CEO Vlad Tenev, along with investment firm executives, testifIed before the House Financial Services Committee on GameStop’s rapid stock price increase and Robinhood’s decision to halt customers buying these stocks on the platform. In his opening testimony, Mr. Tenev told lawmakers they imposed temporary trading restrictions to meet increased regulatory deposit requirements. “We don’t answer to hedge funds. We serve the millions of small investors who use our platform every day to invest,” said Mr. Tenev. Other witnesses included Reddit co-founder Steve Huffman, Citadel CEO Kenneth Griffin, Melvin Capital Management CEO Gabriel Plotkin and GameStop investor Keith Gill. Mr. Griffin told committee members that his company had no role in Robinhood’s decision to limit trading on GameStop or other securities. Lawmakers' questions related to protections for retail investors, the “gamification” of stock trading, high-frequency trading, SEC regulations, and other topics.
Robinhood CEO Vlad Tenev, along with investment firm executives, testifIed before the House Financial Services Committee on GameStop’s rapid stock price increase and… read more
Robinhood CEO Vlad Tenev, along with investment firm executives, testifIed before the House Financial Services Committee on GameStop’s rapid stock price increase and Robinhood’s decision to halt customers buying these stocks on the platform. In his opening testimony, Mr. Tenev told lawmakers they imposed temporary trading restrictions to meet increased regulatory deposit requirements. “We don’t answer to hedge funds. We serve the millions of small investors who use our platform every day to invest,” said Mr. Tenev. Other witnesses included Reddit co-founder Steve Huffman, Citadel CEO Kenneth Griffin, Melvin Capital Management CEO Gabriel Plotkin and GameStop investor Keith Gill. Mr. Griffin told committee members that his company had no role in Robinhood’s decision to limit trading on GameStop or other securities. Lawmakers' questions related to protections for retail investors, the “gamification” of stock trading, high-frequency trading, SEC regulations, and other topics. close
Resources
- Witnesses Opening Statements
House Financial Services Committee
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People in this video
- Alma Adams U.S. Representative [D] North Carolina
- Jake Auchincloss U.S. Representative [D] Massachusetts
- Cindy Axne U.S. Representative [D] Iowa
- Andy Barr U.S. Representative [R] Kentucky
- Joyce Beatty U.S. Representative [D] Ohio
- Ted Budd U.S. Representative [R] North Carolina
- Sean Casten U.S. Representative [D] Illinois
- Emanuel Cleaver II U.S. Representative [D] Missouri
- Warren Davidson U.S. Representative [R] Ohio
- Madeleine Dean U.S. Representative [D] Pennsylvania
- Tom Emmer U.S. Representative [R] Minnesota
- Bill Foster U.S. Representative [D] Illinois
- Jesús "Chuy" G. García U.S. Representative [D] Illinois
- Keith Gill Investor
- Anthony Gonzalez U.S. Representative [R] Ohio
- Vicente Gonzalez U.S. Representative [D] Texas
- Josh Gottheimer U.S. Representative [D] New Jersey
- Al Green U.S. Representative [D] Texas
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- French Hill U.S. Representative [R] Arkansas
- Jim Himes U.S. Representative [D] Connecticut
- Trey Hollingsworth III U.S. Representative [R] Indiana
- Steve Huffman Co-Founder and CEO Reddit
- Bill Huizenga U.S. Representative [R] Michigan
- David F. Kustoff U.S. Representative [R] Tennessee
- Al Lawson Jr. U.S. Representative [D] Florida
- Barry Loudermilk U.S. Representative [R] Georgia
- Frank D. Lucas U.S. Representative [R] Oklahoma
- Blaine Luetkemeyer U.S. Representative [R] Missouri
- Stephen F. Lynch U.S. Representative [D] Massachusetts
- Carolyn Maloney U.S. Representative [D] New York
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- Gregory Meeks U.S. Representative [D] New York
- Alex Mooney U.S. Representative [R] West Virginia
- Alexandria Ocasio-Cortez U.S. Representative [D] New York
- Ed Perlmutter U.S. Representative [D] Colorado
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- John W. Rose U.S. Representative [R] Tennessee
- Michael "Mike" Franklin Quitugua San Nicolas Congressional Delegate [D] Guam
- Jennifer Schulp Director Cato Institute->Financial Regulation Studies
- David Scott U.S. Representative [D] Georgia
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- Bryan Steil U.S. Representative [R] Wisconsin
- Steve Stivers U.S. Representative [R] Ohio
- Van Taylor U.S. Representative [R] Texas
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- William Timmons IV U.S. Representative [R] South Carolina
- Rashida Tlaib U.S. Representative [D] Michigan
- Ritchie Torres U.S. Representative [D] New York
- Juan Carlos Vargas U.S. Representative [D] California
- Nydia M. Velázquez U.S. Representative [D] New York
- Ann Wagner U.S. Representative [R] Missouri
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- Lee M. Zeldin U.S. Representative [R] New York
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