Wednesday, 27 January 2021

Regulators concerned that the Reddit day trader army made money in GameStop trading instead of the hedge fund elite

Reuter's reports that "regulators may scrutinize GameStop's Reddit-driven retail stock surge." In other words, the wrong people made money.

The U.S. Securities and Exchange Commission said in a statement on Wednesday the agency was "actively monitoring" market volatility without offering specifics.

Read the rest