Rip. James Krummer, R-Q., Weighs in on how the House will unveil the hearing on Thursday.
A game stop hearing, hosted by the House Committee on Financial Services, is scheduled for today.
Head of Panel, Rep. Manxin Waters, D-California, is turning its attention to hedge funds, which it says have a history of “violent short sales.”
“We must deal with hedge funds, whose unethical behavior has directly led to recent market volatility,” Waters said in a statement.
Meanwhile, Sen. Elizabeth Vern Run, D-Mass., Was not waiting for the trading application to be knocked down on Robinhood.
On Wednesday, Vernon announced the response he received on February 12, after receiving a letter from Payee requesting more information on why he abruptly banned trading in some of the largest short-term stocks last month, tweaking the retail and Reddit investor community. .
“Robinhood’s response to my letter makes it clear that the company did not have enough cash to grow the business and bury important information about consumer rights,” Warren said in a statement.
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The Associated Press contributes to this report
