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Yellen Calls Meeting With Financial Regulators Over GameStop Trading Frenzy

Business GameStop Janet Yellen Markets US US News

Yellen Calls Meeting With Financial Regulators Over GameStop Trading Frenzy

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Treasury Secretary Janet Yellen is set to meet with financial regulators to discuss market volatility, including frenzied trading of GameStop stock. Yellen will meet with officials from the Securities and Exchange Commission, the Federal Reserve, the New York Fed, and the Commodity Futures Trading Commission, a Treasury Department spokesperson told news outlets. “Secretary Yellen believes the integrity of markets is important and has asked for a discussion of recent volatility in financial markets and whether recent activities are consistent with investor protection and fair and efficient markets,” the spokesperson said. The department didn’t immediately respond to a request for more information, including whether Yellen asked for written authorization to participate in responding to the volatility. Yellen received hundreds of thousands of dollars in speaking fees from Wall Street, including some $800,000 from Citadel, according to filings with the Office of Government Ethics. Citadel has poured money into the hedge fund …

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