Financial Services Financial Services

Comment: US stock clearinghouse’s broader failures exposed by GameStop volatility probe

By Neil Roland
  • 01 Jul 2022 19:30
  • 01 Jul 2022 21:14
A congressional investigation of the GameStop trading frenzy of early 2021 found shortcomings by a US stock-trading clearinghouse that go beyond last year’s episode.
A Depository Trust & Clearing Corp. unit, The National Securities Clearing Corp., inadequately tracks the capital and liquidity of riskier brokerages, and fails to sufficiently convey

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Neil Roland

Senior Correspondent


Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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