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Mobius Says Regulators Shouldn’t Act Against Reddit Traders

  • Should only ensure trading is done efficiently, fairly: Mobius
  • SEC actively monitoring volatility in options, equity markets
Mark Mobius
Mark Mobius Photographer: Simon Dawson/Bloomberg
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As authorities in the U.S. take a closer look at stock-market activity amid the Reddit-fueled surge in GameStop Corp., veteran investor Mark Mobius says he isn’t in favor of regulatory action against retail traders.

“There definitely should not be any regulatory action,” Mobius said in an email interview. “The regulator should only ensure that trading is done efficiently and fairly with all buyers and sellers (regardless of their objectives) treated equally.”