• Former SEC chair Jay Clayton says GameStop trading was not a pump-and-dump scheme and praises transparency from "Mr. Kitty"

    7 days ago - By Business Insider

    GameStop millionaire Roaring Kitty
    Roaring Kitty
    Former SEC chair Jay Clayton told CNBC the GameStop trading frenzy was not a pump-and-dump scheme. Clayton said social media investors including "Roaring Kitty" were "very transparent about what they were doing." Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Former SEC chairman Jay Clayton told CNBC on Friday that trading activity during the GameStop market frenzy was not a "pump and dump scheme," and Thursday's hearing demonstrated transparency from social media investors.
    Clayton says the SEC will likely take a...
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