With GameStop Share Price Skyrocketing, a Former SEC Chair Explains Why the Actions of “Roaring Kitty” and Resulting Meme Stock Frenzy ‘Bother’ Him

On May 14, during a segment on CNBC’s “Squawk Box,” former U.S. SEC Chairman Jay Clayton shared his views on the meme stock phenomenon, particularly focusing on the astronomical trading volumes of stocks like GameStop and AMC. Concerns Over Investment Practices: Clayton expressed significant concern over the behavior of market participants, especially retail investors who […]