Tag Archives: online message boards

Elizabeth Warren urges more regulation to prevent ‘dramatic swings’ in stocks like GameStop

Senator Elizabeth Warren called for an SEC investigation into Reddit posts and other entities, according to a letter she sent to the Acting Chair of the SEC. After Redditors discovered large hedge funds had shorted massive quantities of GameStop ($GME), retail investors bought $GME in a frenzy, sending it surging  600%, and causing hedge funds […]

Elizabeth Warren Urges More Regulation To Prevent ‘Dramatic Swings’ In Stocks Like GameStop | The Daily Caller

Cameron Kerkes Contributor “To what extent did online message boards, such as those on Reddit… impact the fluctuation of GameStop’s share prices? Did any of these practices violate existing securities laws?” Warren asked the Acting SEC Chair. “What steps will the SEC take to ensure that securities markets better reflect prices that are in line […]