GameStop Hearing, Part 1
Robinhood CEO Vlad Tenev, along with investment firm executives, testifIed before the House Financial Services Committee on GameStop’s rapid stock price increase…
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
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Click the play button and move your cursor over the video to see the . Click on the marker to see the description and watch.
You can also click the in the lower left of the video player to see a complete list of all Points of Interest from this program - click on any moment in the list and the video will play.
Robinhood CEO Vlad Tenev, along with investment firm executives, testifIed before the House Financial Services Committee on GameStop’s rapid stock price increase…
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