Sen. Elizabeth Warren (D-MA) has called upon the U.S. Securities and Exchange Commission (SEC) to investigate potential “market manipulation” after an army of Redditers drove up the GameStop stock value to “squeeze” hedge fund short sellers. Warren characterized the scenario as a “flash mob with money” engaged in “internet trading schemes.”
In a letter to the SEC released on Friday, the senator who has typically castigated Wall Street in the past expressed deep concern about the Reddit army behind the GameStop surge, speculating that potential “market manipulation” had taken place.
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