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AOC, Ted Cruz, and fellow lawmakers are demanding answers after swings in GameStop stock. Here's what they said
AOC, Ted Cruz, and fellow lawmakers are demanding answers after swings in GameStop stock. Here's what they said
Kevin ShalveyJan 30, 2021, 18:52 IST
Outside the New York Stock Exchange.Shannon Stapleton/Reuters
Congressional lawmakers from both parties asked the SEC to look into market volatility.
Lawmakers said there was a "double standard" for retail and Wall Street investors.
"The same rules should apply to everybody – rich & poor alike," said Senator Ted Cruz.
As investors watched GameStop stock rise and fall this week, lawmakers asked the Securities and Exchange Commission to look into market volatility and trading platforms.