Ever since Robinhood
halted buying and selling on meme shares like GameStop
and AMC Leisure
on the chaotic apex of January’s wild meme inventory buying and selling frenzy, retail buyers and Wall Avenue have been ready with bated breath to see how regulators will reply.
And whereas February’s entertaining if bizarre Congressional hearings gave the general public a window into how the meme inventory craze is seen inside The Beltway, it stays to be seen how SEC chief Gary Gensler, an former Goldman Sachs govt recognized for taking heavy-handed stances on market misfunctions, will act on issues like fee for order move and what seems to be some odd knowledge on quick promoting.
However whereas we wait, why not gossip about it with somebody who has an skilled sense of what could be coming down the pike?
On this episode of MemeMarkets, I talked to my MarketWatch colleague Chris Matthews about what could be on this SEC report and who needs to be least excited to learn it.
Subscribe here for extra MemeMarkets.
https://www.marketwatch.com/story/mememarkets-the-sec-report-on-januarys-meme-stock-short-squeeze-is-coming-soon-11634404450?rss=1&siteid=rss | MemeMarkets: The SEC report on January’s meme inventory quick squeeze is coming quickly