Rep. James Comer, R-Ky., Considers how Thursday’s hearing in the House will play out.
The GameStop hearing, The event, hosted by the House Committee on Financial Services, is scheduled for today.
The panel leader, Rep. Maxine Waters, D-Calif., Targets hedge funds that she says have a history of “predatory short sales.”
“We have to deal with the hedge funds whose unethical behavior directly led to the recent market volatility,” Waters said in a statement.
Meanwhile, Sen. Elizabeth Warren, D-Mass., I didn’t wait to hit the Robinhood trading app.
On Wednesday, Warren posted a February 12 response from the company thereafter request further information in a letter why it abruptly restricted trading in some of the most severely shortened stocks last month, rocking the retail and Reddit investor community.
“Robinhood’s response to my letter shows that the company did not have enough cash to handle a surge in trade and has buried vital information about consumer rights,” Warren said in a statement.
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The Associated Press contributed to this report
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