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Treasury Secretary Janet Yellen says regulators ‘need to make sure’ investors are protected following Gamestop frenzy

Janet Yellen Speaking at Biden Lecturn December 2020.JPG

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Treasury Secretary Janet Yellen said on Sunday regulators are still examining whether new policies are needed to address recent market volatility spurred by retail investors in forums like Reddit’s Wall Street Bets.

The crowd of casual investors took the stock market by storm in January by bidding up highly shorted stocks like GameStop and AMC, burning hedge funds. Accusations of market manipulation on the online forums have since drawn interest from regulators and Congress.

“We really need to look in detail to understand what happened in those stocks over the last couple details ⇒

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