U.S. SEC chief plans to scrutinize short-sellers, rein in 'gamification' following GameStop trading frenzy

Reuters

U.S. SEC chief plans to scrutinize short-sellers, rein in 'gamification' following GameStop trading frenzy

Reuters logo Reuters 5/05/2021 20:39:00
a close up of a bottle: FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed GameStop logo © Reuters/Dado RuvicFILE PHOTO: U.S. one dollar banknotes are seen in front of displayed GameStop logo

WASHINGTON (Reuters) - The U.S. securities regulator is considering measures to boost transparency around "short-selling" and equity derivative bets and to rein-in retail "gamification" following January's GameStop saga and the meltdown of Archegos Capital, its new chair will tell lawmakers.

Gary Gensler wearing a suit and tie: FILE PHOTO: Commodity Futures Trading Commission Chair Gensler testifies at Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill © Reuters/Jose Luis MagauaFILE PHOTO: Commodity Futures Trading Commission Chair Gensler testifies at Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill

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Gary Gensler will testify before the House Financial Services Committee on Thursday, according to testimony published on the committee's website, in his first appearance before Congress since he was sworn-in as Securities and Exchange Commission chair last month.

(Reporting by Katanga Johnson; Editing by Chris Reese)

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mercredi 5 mai 2021 23:39:00 Categories: Reuters

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