Potential Probe into GameStop’s Stock Volatility

Alma Angotti's Interview with Yahoo Finance

The recent Gamestop stock movement has sent shockwaves through the market. In an interview with Yahoo Finance, Alma Angotti discusses how the SEC will determine whether market participants followed the rules and how companies should reexamine controls to mitigate losses stemming from potential market manipulation.

  

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The SEC is going to look at each bucket of participants. They will look at the retail investors to make sure that they followed all the rules that apply to them. They'll look at the broker dealers to make sure that they followed all the rules that apply to them. And they'll look at the hedge funds to make sure that they follow all the rules that apply to them. And to the extent that there is manipulative activity on the part of any participant, net capital violations, short selling violations, then the regulators will take care of that specifically.

 Alma Angotti, Partner & Global Legislative and Regulatory Risk Lead at Guidehouse

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