SEC Chair Gary Gensler Fields Questions On AI, 'Roaring Kitty' And Congressional Trading: 'Disclosure Doesn't Necessarily Protect A Bad Actor'
Portfolio Pulse from Adam Eckert
SEC Chair Gary Gensler discussed AI's transformative role in public markets, potential manipulation in GameStop trading by 'Roaring Kitty,' and insider trading rules for Congress members. He emphasized the risks and challenges AI brings, the importance of not misleading the public, and the need for everyone to follow insider trading laws.
June 05, 2024 | 3:02 pm
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GameStop is under scrutiny for potential market manipulation by Keith Gill, aka 'Roaring Kitty.' The SEC is investigating recent trading activities and social media posts related to GameStop.
The SEC's investigation into potential market manipulation by a prominent trader could lead to increased regulatory scrutiny and potential legal actions, negatively impacting GameStop's stock price in the short term.
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