Ever since Robinhood
HOOD,
halted buying and selling on meme shares like GameStop
GME,
and AMC Leisure
AMC,
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 weird 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 government identified for taking heavy-handed stances on market misfunctions, will act on issues like cost for order move and what seems to be some odd information on brief 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.
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