Ever since Robinhood
halted buying and selling on meme shares like GameStop
and AMC Leisure
on the chaotic apex of January’s wild meme inventory buying and selling frenzy, retail traders and Wall Avenue have been ready with bated breath to see how regulators will reply.
And whereas February’s entertaining if weird Congressional hearings gave the general public a window into how the meme inventory craze is considered inside The Beltway, it stays to be seen how SEC chief Gary Gensler, an former Goldman Sachs govt recognized for taking heavy-handed stances on market misfunctions, will act on issues like cost for order circulate and what seems to be some odd information on brief promoting.
However whereas we wait, why not gossip about it with somebody who has an knowledgeable sense of what is perhaps coming down the pike?
On this episode of MemeMarkets, I talked to my MarketWatch colleague Chris Matthews about what is perhaps on this SEC report and who must be least excited to learn it.
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