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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.

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Financial Times

Hedge funds oppose SEC’s reform plans after GameStop debacle

Regulator’s ‘misguided’ securities lending proposals risk fuelling volatility, say managers

3 years ago·London, United Kingdom

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Financial Times broke the news in London, United Kingdom 3 years ago on Monday, January 17, 2022.

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