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Trading ‘Gamification’ Is Huge Concern, SEC Enforcement Chief Says

Gurbir Grewal

Gurbir Grewal

Photographer: Mark Kauzlarich/Bloomberg

The US Securities and Exchange Commission’s top enforcement attorney says that Wall Street’s main regulator is very concerned about digital engagement practices that brokerages may use to encourage more buying and selling of stocks.

While SEC Enforcement Director Gurbir Grewal refused to discuss any investigations, his comments during a House subcommittee hearing on Tuesday are the latest signal from the regulator that a crackdown is coming for practices that critics refer to as the gamification of investing. Last month, the SEC said it planned to propose new rules this year.