Financial Crime Financial Crime

Social-media trading swarms recall dotcom bubble, may merit market-abuse update, BIS says

By Jack Schickler
  • 01 Mar 2021 07:30
  • 01 Mar 2021 06:36
Social-media users apparently colluding to force up the price of stocks, as in the case of Gamestop earlier this year, could merit a rethink of market-abuse rules by securities regulators, the Bank for International Settlements said today. 

Highly leveraged and speculative trading by users of cheap online brokers such as Robinhood, prompted by

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