GameStop Meme Stock Craze Prompted Market ‘Plumbing’ Changes, Says SEC Chair Gensler
GameStop’s short squeeze in 2021 taught the Securities and Exchange Commission (SEC) several key lessons. Among those highlighted in a Monday speech by SEC Chair Gary Gensler was the need to modernize equity markets, in part by embracing shorter settlement times. A retail-led movement to bet big against Wall Street short sellers caused GameStop’s stock…