‘Deeply Concerned’ Elizabeth Warren Begs SEC To Punish Reddit Investors Who ‘Inflict Financial Damage’ On Hedge Funds Warren expresses alarm at "market manipulation" by small time investors who interfere "with the 'fair, orderly, and efficient' function of the market" by hurting hedge funds Share on FacebookShare on Twitter Sen. Elizabeth Warren (D-MA) authored a letter to the Securities and Exchange Commission Friday in which she begged the regulatory agency to “act” against and “address” the trades made by small-time investors who aggravated Wall Street by performing a “short squeeze” on Gamestop stocks that were supposed to net a massive profit for billionaire hedge fund managers. Elizabeth Warren, who failed to convince voters that she was an opponent of Big Business after her numerous big money donors were revealed during the 2020 Democratic presidential primary, seemed to strike a tone of desperation in Friday’s letter, which demanded an explanation for why the SEC had not cracked down sufficiently on supposed “market manipulation” by small-time investors. “Casino-like swings in stock prices of GameStop reflect wild levels of speculation that don’t help GameStop’s workers or customers and could lead to market instability,” Warren wrote. “Today I told the SEC to explain what exactly it’s doing to prevent market manipulation.” READ MORE: Biden Press Sec Says Voters ‘Shouldn’t Be Surprised’ Janet Yellen Was Paid Citadel Shill Before Appointment To Biden Regime “I am deeply concerned that these casino-like swings in the value of GameStop and other company shares are yet another example of the gamesmanship that interferes with the ‘fair, orderly, and efficient’ function of the market,” Warren stated in the letter. “There is a troubling lack of clarity regarding who the major market participants are in this case and the degree to which their activities may be coordinated” Warren wrote in regard to Reddit traders that she described as “cloaked in anonymity.” Warren went on to beg the SEC to review the Gamestop situation and expand its enforcement capabilities, lamenting “those who seek to inflict financial damage on [wealthy] traders.” The letter closed with a series of questions regarding an SEC crackdown on “market manipulation,” to which Warren demands an answer by February 5.
Warren has always been for pragmatic good sense. Inserting commentary like [wealthy] is not fooling anyone about her intention.
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I also see it on Infowars https://hw.infowars.com/posts/eliza...-who-inflict-financial-damage-on-hedge-funds/ Warren did write a letter about the chaos in the market but they are mischaracterizing that letter.
SEC should let the kids have their fun... Game Stop workers are losing their job because online purchases of games makes a place like GameStop useless except for buying used games which have shit margins and not enough to cover rent and overhead. Sadly GameStop's time has come. On my PS4 I can simply click on the game in the online store and download it for the smae price or less. So Warren can take her faux outrage and just let it be as she jockeys for a higher position.
Warren has no outrage, I expect whatever she really said was backed by the thought that there will be large players behind these stock surges.
The question you need to ask yourself is Why take what the OP wrote at face value? He hails from the crazy far Right. https://www.cnn.com/business/live-n...t-gamestop/h_7cdf8440b148756c2719f7bef363f150 Senator Elizabeth Warren of Massachusetts is asking the U.S. Securities and Exchange Commission to look into why GameStop stock has fluctuated in price so wildly in recent days, soaring from its usual $20 a share to over $440 at one point. In a letter on Friday, Warren called on the SEC to prevent "these and future incidents of potential market manipulation." She asked the regulators to investigate whether securities laws were violated by hedge funds shorting GameStop stock or Redditors buying up shares to inflate its price. "These wild fluctuations are just the latest indication that many private equity firms, hedge funds, and other investors, big and small, are treating the stock market like a casino," Warren wrote.