Sources tell FOX Business Charlie Gasparino that Gary Gensler is likely to look at Robinhood’s business model and its use of ‘behavioral cues’ to attract investors.
Legislators have President Biden’s choice to head Gary Gensler, the Security and Exchange Commission, and he has taken up the difficult questions over time.
Its confirmation hearing comes at a difficult time for US financial markets seeing a sharp rise in retailers. These small investors are behind some of the recent fluctuations linked to major short-circuits, such as GameStop and AMC.
SEC SCRAP TRADE IN CHOOSE OTC NAME
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| GME | GAMESTOP | 119.01 | -0.49 | -0.41% |
| AMC | AMC ENTERTAINMENT HOLDINGS INC | 8.56 | -0.64 | -6.93% |
Gensler, who previously led the Commodities Futures Trading Commission with an iron fist, talked about bitcoin, the role of technology in the financial markets and gave a possible overview of how ‘order flow payments’ work amid the ongoing downturn of the Robinhood trade ceased in January.
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