Back in January the world watched as GameStop was taken to meme status after retail traders created the mother of all short squeezes and acquired as much GameStop as they could in order to give a metaphorical middle finger to short-sellers. Now it seems that attempt has influenced the government.
First covered by the Wall Street Journal, US Securities and Exchange Commission proposed a new regulation that would as they desribe “provide transparency in the securities lending market.”
This would require firms to disclose “material terms” to the government within 15 minutes of the transaction taking place which would then be made publicly available.The general public would then be able to comment on the proposal for the next 30 days.
