WASHINGTON — The drama surrounding the trading in shares of GameStop, AMC Entertainment, Blackberry and other beaten-down companies has suddenly thrust Wall Street near the top of a crowded list of issues that President Joe Biden’s regulatory team needs to tackle early in its term. A number of wealthy institutions on Wall Street bet the stocks of these companies would fall, only to be thwarted by small investors who banded together on social media and sent the prices higher.
Gamestop Saga Makes Wall Street An Issue For Biden Team
Marcy Gordon, Ken Sweet, Denver Post: Politics
Mon, 02/01/2021 - 3:40pm
Topics: amc entertainment blackberry president joe biden s biden s securities exchange commission gary gensler commodity futures trading commission jay clayton president donald the gamestop wall street s occupy wall street congress january s the wall street journal bloomberg news house financial services rep brad sherman d-calif britain washington s facebook sec s regulators fargo kathy kraninger rohit chopra related articles republicans federal trade commission ftc ori lev mayer brown sen sherrod brown d-ohio sweet charlotte north carolina washington the gamestop wall street biden s biden biden biden robinhood sec consumer financial protection bureau trump wall street wall street washington senate banking committee financial services sherman the there chopra gop democrats i cfpb issue team companies firms lawmakers investors rules small online buying shares customers stocks industry casino markets platforms capital consumers meet lending losses social bet media users number appointed outrage investor practices suddenly tougher questions politicians business virus short-selling week efforts addition push model big people administration crisis market regulatory pay practice nominated data chairman requirements set record
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