Questions lawmakers should ask at the GameStop hearing.
The House Financial Services Committee hearing on GameStop Trading Mania on Thursday is full of noise and sparkling. Dealbook newspaper With questions, MPs can ask key players where the most illuminating responses can be found.
Vlad Tanev of Robinhood
You are lobbying for real-time settlement of stock trades, stating that the trade of Robinhood is currently under a two-day delay. If there had been a real-time settlement, would your brokerage firm have enough capital to avoid a restriction at the height of the frenzy?
Robinhood says that it offers free trade to retail investors, but that’s because your company sells customers to traders like securities securities. Can you explain the benefits to firms that pay you to execute trades?
Brokerage firms lend their clients’ shares to short sellers. Would you consider asking Robinhood users to allow you to lend your holdings?
Ken Griffin of Good Securities
Gab Plotkin of Melvin Capital
How companies like GameStop allow shares to pay less than 100 percent interest – that is, all the shares of the company being sold are available for trading – making financial markets more efficient, as opposed to short sellers Has a claim?
Cato Institute’s Jennifer Schulp
You say in yourself opening statement The “unintended consequences” of regulatory changes in reaction to the meme-stock frenzy should not be underestimated. What are the consequences of not acting? Should investors expect episodes like Gamestop Mania to become a regular feature of the markets?
Steve Huffman of Reddit
Keith Gill, Businessman
As a “roaring kitty” from your personality on YouTube, you were the director of financial welfare education at MassMutual. With your “Financial Wellness” cap, what message would you have given to customers about investing in GameStop?
In my opening statement, You say that you were “about as fast as I ever was” about GameStop. What is your price target?