On Friday, the House Financial Services Committee released a report on the 2021 stock market drama surrounding Reddit's WallStreetBets, the trading appRobinhood Markets Inc(NASDAQ:HOOD), trading firm Citadel Securities and high-flying stocks likeGameStop Corp.(NYSE:GME).
What Happened?CongresswomanMaxine Waters(D-CA), chairwoman of the HFSC, released a new report entitled "Game Stopped: How the Meme Stock Market Event Exposed Troubling Business Practices, Inadequate Risk Management, and the Need for Regulatory and Legislative Reform."
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In the report...