Former SEC Chair Jay Clayton expresses concerns about the meme-stock craze involving $GME and $AMC, questioning the legality and tolerance of such market behavior. Clayton suggests that retail investors are at risk due to the highly volatile nature of these stocks. He specifically mentions Keith Gill's potential market manipulation of GameStop shares. The CFTC Chair Rostin Behnam emphasizes the importance of information, disclosures, and education in dealing with these risky products.
That dude @GaryGensler be like crypto is the devil. Meanwhile in his highly regulated equity markets this is happening. Where are the protections for these people ser? You are letting them get rekt to the tune of over half of the FTX collapse you also casually overlooked. https://t.co/zHqydudBqp https://t.co/jGgkj0i6Nk
"We're doing a bad job for our retail investors...We're not bringing enough companies into the public markets.," says Fmr. SEC Chair Jay Clayton on the meme-stock craze $GME $AMC. " If you're not a professional, you're gambling." https://t.co/l90n9IScwv
Former SEC Chair Jay Clayton on $GME and $AMC, "Is this something we should be tolerating in our markets? Whether it is legal or illegal, I don't think so." https://t.co/cgkq0rZzWR
JUST IN: Former SEC Chair Jay Clayton on $GME and $AMC, "Is this something we should be tolerating in our markets? Whether it is legal or illegal, I don't think so." He calls on "Roaring Kitty" to "tell people why he did this." Why do you think "Roaring Kitty" did this? https://t.co/mdPYGjICPr
FORMER SEC CHAIR JAY CLAYTON TODAY ON THE $GME $AMC RALLY: “If Roaring Kitty is so excited, why can’t he come on CNBC and talk about the stocks he likes? Why is he tweeting memes? We have to question if it’s legal or not.” So… Bill Ackman can say one thing on CNBC while his… https://t.co/rG1s0slPqa
Former SEC chief Clayton says Keith Gill may have manipulated market for GameStop shares https://t.co/JC0njD9ax8 via @marketwatch
NEW: FORMER SEC CHAIR IS BOTHERED ON MANY LEVELS BY $GME (@GameStop) AND $AMC (@AMCTheatres) MEMESTOCK CRAZE https://t.co/MpWFmj2EIS
Jay Clayton , former SEC head, questions whether the government should allow what's happening with GME right now.. @SquawkCNBC
"We have to keep an eye on it. It's all about information, disclosures and education [...] these are highly risky, highly volatile products. You need to know what you're doing. Otherwise, you're going to lose money," @CFTC Chair Rostin Behnam tells @davidfaber about $GME. https://t.co/ESAZlElrgV
🚩 $GME 110% 🚨Hey, @GaryGensler and @SECGov—color me naïve, but isn't your job to take regulatory action against anyone pumping STOCKS? The @SECGov must INVESTIGATE crap like this. Remember SEC V. Craig? , SEC v. McKeown, and Ryan where the SEC managed to do its JOB. or… https://t.co/SKfmg1UbeM
🚩 $GME 110% 🚨Hey, @GaryGensler and @SECGov—color me naïve, but isn't it your job to take regulatory action against anyone pumping STOCKS? The @SECGov must INVESTIGATE crap like this. or @SECGov just "make up" rules when it is convenient? Asking for a friend here... https://t.co/yMYzpMdinL