GameStop Frenzy ‘Tested the Capacity and Resiliency’ of Stock Market

2021-10-19 11:59:00 On Monday, the Securities and Exchange Commission finally released its report on the frenzy of retail trader activity surrounding GameStop’s short squeeze and the skyrocketing value of various “meme stocks” and found that the episode “tested the capacity and resiliency of our securities markets in a way that few could have anticipated.” “At […]

GameStop mania severely tested market system: SEC report

2021-10-18 13:58:35 NEW YORK – The U.S. stock market certainly shook when hundreds of thousands of regular people suddenly piled into GameStop early this year, driving its price to heights that shocked professional investors. But it didn’t break. That’s one of the takeaways from a report by the Securities and Exchange Commission’s staff released Monday […]