Apple Inc.
AAPL
$175.49
−3.58 (2.00%)
Regulators Say Market Infrastructure Was Flexible in GameStop Madness

Published by

December 5, 2024
(GMT+2)

Elite financial regulators are conducting a meeting on Thursday in order to discuss the recent market volatility in regards to GameStop Cor. concluded that “the core infrastructure was resilient,” the Treasury Department stated following the meeting. The regulators were certain that the infrastructure stood up “during high volatility and trading volume” and accepted the fact that the Securities and Exchange Commission should release “a timely study of events,” the Treasury Department said. The SEC and the Commodity Futures Trading Commission “are reviewing whether trading practices are consistent with investor security and fair and effective markets. “Treasury Secretary Janet Yellen “is convinced that it is important to uphold the integrity of these markets and ensure investor protection,” the statement said.The Reddit-powered madness in stocks such as GameStop, a videogame merchant, and AMC Entertainment Holdings Inc. has drawn scrutiny from regulators and caused complaints that the trading, which skyrocketed certain stock prices, was manipulative. The Buying frenzy later poured into the silver futures market.

WHAT TO READ NEXT

Ready to get started?

Start trading with the full package, from state of the art platform to free tool and favorable transaction fees.