Hedge funds oppose SEC’s reform plans after GameStop debacle

Summary by Ground News

Melvin Capital, Light Street and White Square all lost heavily when their bets against meme stocks, such as the struggling video game retailer GameStop, were pulverised. The extreme volatility unleashed in the meme stock battle alarmed the Securities and Exchange Commission, the US financial markets regulator. The SEC has proposed extensive reforms to securities lending arrangements.

4 months ago