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GameStop Corp. (GME)
- Editor's pickYahoo Finance Video
SEC releases 45-page report on Gamestop
Yahoo Finance's Brian Cheung breaks down the major takeaways from the SEC report.
- Editor's pickYahoo Finance
SEC flags gamification of stock trades in long-awaited GameStop report
The SEC released a 45-page report on Monday offering no specific policy recommendations following the early 2021 frenzy over GameStop stock.
- Reuters
Factbox-Fun facts from the U.S. SEC report on January's GameStop saga
The U.S. securities regulator released its long-awaited post-mortem into January's GameStop saga https://www.reuters.com/business/why-did-sec-release-report-gamestop-2021-10-18, in which retail traders banded together on social media and piled in to GameStop and other "meme" stocks in an attempt to punish hedge funds that had bet against the company, sending its shares soaring. Some of those purchases may have been partly driven by hedge funds that had betted against GameStop, trying to cover their positions, and some of those funds made bad losses.
