Partner Keri Curtis Axel Discusses Market Manipulation and What Regulators Are Looking into With GameStop Frenzy

Keri Curtis Axel commented in video with the Wall Street Journal on February 19th about market manipulation as it relates to the recent GameStop scandal.  The recent trading volatility of GameStop and other stocks has prompted scrutiny of key players in the saga. Probes into potential wrongdoing are centered on actions taken by both brokerages and users on social media forums. WSJ explains what regulators are looking into and why this situation is so unique.

“I am sure that the SEC and FINRA will be going through their rulebooks to determine if there were violations of the rules. Of course, broker dealers such as Robinhood are claiming that the very reason that they had to halt trading was to comply with the SEC rules. So, they may have a very good defense,” said Axel, who does not represent Robinhood but has experience as a former assistant U.S. attorney and former staff attorney at the SEC.

To view the full video, click here.