Reddit CEO Steve Huffman, Robinhood co-CEO Vlad Tenev and investor Keith Gillincluded in the list of witnesses for an upcoming hearing before the House Financial Services Committee.
The hearing, which will be held virtually, is dedicated to investigating the recent volatility in GameStop stock triggered by a group of retail traders from r / WallStreetBets Reddit.
GameStop (GME) shares skyrocketed in two weeks500% on Jan 28, peaking at $ 483. Several government agencies are investigating whether there was market manipulation and whether the actions of Robinhood and other brokerages to temporarily restrict GME trading were in compliance with federal regulations.
The Senate Banking Committee alsoplans to hold hearings on "the current state of the stock market." The House hearing, which has the catchy title “Game Stopped? Who wins and loses when short sellers, social media and retail investors collide? will be broadcast live on February 18th.
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