Yellen convenes US market regulators to discuss GameStop

Washington (AFP) – US Treasury Secretary Janet Yellen will hold a meeting Thursday with top financial market regulators to discuss recent trading volatility that saw shares like GameStop soar last week. Yellen said officials will be “looking carefully at these events.” The volatility was created following a social-media-fueled buying frenzy over shares in video game store GameStop and other stocks shorted by hedge funds. These shares surged over 400 percent before falling sharply. Yellen this week called for the meeting with the Securities and Exchange Commission, the Federal Reserve and the C…

Read More

HEDGE accordingly