Janet Yellen, the Treasury Secretary, will meet on Thursday with officials from financial market regulators including the Securities and Exchange Commission to discuss the market …
Janet Yellen, the Treasury Secretary, will meet on Thursday with officials from financial market regulators including the Securities and Exchange Commission to discuss the market volatility created by retail traders, the Treasury Department said, after the remarkable rise in prices of “meme stocks” such as GameStop. The meeting, which will also include the heads of the Federal Reserve, the Federal Reserve Bank of New York and the Commodity Futures Trading Commission, is a sign of heightened scrutiny in Washington toward the frenzy in trading. Shares in GameStop, a video game retailer, surged last week but have since fallen from their dizzying heights, testing the will of investors who joined in the fervor as a challenge to Wall Street investors. It shares soared 1,600 percent in January alone.
