<p>Sen. Elizabeth Warren (D-MA) has called upon the U.S. Securities and Exchange Commission (SEC) to investigate potential &#8220;market manipulation&#8221; after an army of Redditers drove up the GameStop stock value to &#8220;squeeze&#8221; hedge fund short sellers. Warren characterized the scenario as a &#8220;flash mob with money&#8221; engaged in &#8220;internet trading schemes.&#8221;</p>
<p>In a <a href="https://www.warren.senate.gov/imo/media/doc/01.29.2021%20Letter%20from%20Senator%20Warren%20to%20Acting%20Chair%20Lee.pdf">letter</a> 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 &#8220;market manipulation&#8221; had taken place.</p>

Elizabeth Warren Calls On SEC To Investigate Potential ‘Market Manipulation,’ Cautions Against ‘Internet Trading Schemes,’ ‘A Flash Mob With Money’

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Elizabeth Warren Calls On SEC To Investigate Potential ‘Market Manipulation,’ Cautions Against ‘Internet Trading Schemes,’ ‘A Flash Mob With Money’