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SEC Chief Signals New Rules That Could Threaten Robinhood, Citadel

  • Gensler says agency studying ‘gamification’ and market makers
  • His remarks come ahead of Thursday House hearing on GameStop
Bloomberg business news
SEC's Gensler Grilled on Gamestop, Crypto
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Robinhood Markets and Citadel Securities had starring roles in the GameStop Corp. trading frenzy that rocked financial markets this year. Now, they have among the most to lose as U.S. regulators threaten a clean up.

In his most revealing comments so far about how Washington might respond to the meme-stock mania, Securities and Exchange Commission Chairman Gary Gensler shined a spotlight on online brokerages and market makers that dominate the business of executing retail investors’ equity orders.