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January 28, 2021 01:07 am GMT

Regulators concerned that the Reddit day trader army made money in GameStop trading instead of the hedge fund elite

Reuter's reports that "regulators may scrutinize GameStop's Reddit-driven retail stock surge." In other words, the wrong people made money.

The U.S. Securities and Exchange Commission said in a statement on Wednesday the agency was "actively monitoring" market volatility without offering specifics.

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Original Link: https://boingboing.net/2021/01/27/regulators-concerned-that-the-reddit-day-trader-army-made-money-in-gamestop-trading-instead-of-the-hedge-fund-elite.

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