On February 17th, the Healthy Markets Association submitted a letter to the U.S. House Financial Services Committee in advance of the Committee’s February 18th hearing, Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide. Read the full letter here.
In light of GameStop trading and other “meme” stock moves, investors, companies, executives, creditors, workers, and others have become justifiably concerned with the integrity, stability, and long-term prospects of our capital markets. The capital markets exist to fund companies, create jobs, and drive our economy, while also helping millions of American families save for retirement, college, or to buy homes. Unfortunately, secondary market trading of securities seems to be increasingly disconnected from these tasks. We expect concerns with this growing reality will lead to many proposals for sweeping regulatory reforms. We highlight what we believe are the key takeaways in our letter.
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Since our launch in 2015, Healthy Markets Association has been engaging asset owners, asset managers, brokers, exchanges, data providers, policymakers, regulators, and other stakeholders to increase capital markets transparency and reduce risks and costs for investors.
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