‘The SEC should have used its trading suspension authority’: Former SEC atty

The GameStop saga (GME) “is a roller coaster ride that just won’t stop,” says Jacob S. Frenkel, Dickinson Wright Chair and former senior counsel in the Securities and Exchange Commission’s division of enforcement.

Frenkel told Yahoo Finance Live that “the SEC should have used its trading suspension authority,” even if it was an aggressive approach, several days ago.

“GameStop blew through New York Stock Exchange circuit breakers 10 times over 2 trading days,” he said. “So…


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