LONDON BRIEFING: Yellen Asks US Regulators To Probe Trading Volatility
LONDON BRIEFING: Yellen Asks US Regulators To Probe Trading Volatility Fri, 5th Feb 2021 08:04 (Alliance News) - US financial market regulators will study the trading frenzy last week that saw shares like GameStop Corp soar, and ensure investors are protected, the Treasury Department said Thursday. Treasury Secretary Janet Yellen called the meeting with top market watchdogs to discuss the recent trading volatility created by a social media-fuelled buying craze for stocks that were shorted by hedge funds, including of video game store GameStop, which surged over 400% in a week before falling ...