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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
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.