Former SEC Chair Jay Clayton Questions Government Intervention in GameStop Trading, GME Up 122%

Former SEC Chair Jay Clayton has expressed concerns about the current situation with GameStop (GME), stating that it bothers him and questioning whether the U.S. government should intervene. Clayton emphasized that the trading activity surrounding GameStop seems more like gambling than investing and suggested that the SEC might need to consider halting trading in GameStop, as noted by Dave Lauer. The stock has seen significant pre-market activity, with GME up 122%. Clayton's comments have sparked discussions about the legality and appropriateness of the current market behavior, including similar concerns about AMC.