U.S. House FSC Releases Memo Regarding "Meme Stocks"

March 22nd | 2021

Last week the U.S. House Financial Services Committee considered reform recommendations from industry experts’ testimonies regarding the trading volatility in “meme stocks” like GameStop. The memo from FSC Majority Staff is a succinct summary that touches on many areas the experts recommended changes, including, for example, payment for order flow, 13-F reporting, short sale disclosures, accelerated settlement, and gamification and social media.

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