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The Straits Times The Reddit investors demonstrated in the starkest terms that they could manipulate the market.PHOTO: REUTERS Andrew Ross Sorkin https://str.sg/JH4a They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months. including the ST News Tablet worth $398.

The lessons of GameStop: How Wall Street can stop markets being manipulated By Andrew Ross Sorkin Save Normal text size Advertisement There will be academic case studies on the mania around GameStop’s stock. There will be philosophical debates about whether this was a genuine protest against hedge funds and inequality or a pump-and-dump scheme masquerading as a moral crusade. Eventually, we will learn whether this was a transformational moment powered by social media that will shift the investing landscape forever, or a short-term blip that soon fades away. What’s less up for debate...

Six ways to make trading fairer As we try to understand what happened in the meme-stock frenzy — a populist uprising, a skillfully disguised market manipulation, or both? — one thing is clear: The public doesn’t trust the stock market. In his latest column, Andrew offers some potential ways to make investing fairer and regain trust: A transaction tax, even of 0.1 percent of a trade’s value, could reduce the attractiveness of the high-speed trading that gives sophisticated Wall Street firms a huge advantage. Force hedge funds to disclose short-selling positions. “If we as a society ...

Rule has completely limited liquidity in many markets. and the federal reserve is concerned that the interpretation of the volcker rule doesn't allow banks to create enough liquidity for customers. so that's something i would absolutely want to look at. and senator wyden, by the way, i wanted to thank you, i'm now in greatly esteem of having the mnuchin rule with both the buffett rule and the volcker rule, i take that as a great compliment. thank you for putting me in with these other great people. >> thank you. >> senator nelson. >> good morning. i enjoyed our visit yesterday. were you a dire...

Statutory language, advise congress and make recommendation in such areas that will enhance the integrity, efficiency, competitiveness and stability of u.s. financial markets. today, frankly, i'm not aware of fsoc fulfilling that role. we don't get a lot of advice from fsoc. we get a lot of directive in the country. will you pledge as the chairperson of fsoc that you will ensure that the council considers ways to make the u.s. financial markets more efficient and then advise and work with congress to achieve those outcomes? >> i absolutely will, senator. and let me just comment on, for instanc...