Beautiful Virgin Islands

Monday, Oct 20, 2025

US Treasury head Yellen to meet with major financial regulators to probe market ‘volatility’ after GameStop craze

US Treasury head Yellen to meet with major financial regulators to probe market ‘volatility’ after GameStop craze

US Treasury Secretary Janet Yellen will soon meet with top financial regulators to review volatility triggered after amateur traders drove GameStop’s share price to soaring heights in a bid to punish short sellers on Wall Street.
Yellen will convene the sit-down sometime this week, where she’ll meet with officials from the Securities and Exchange Commission (SEC), the Federal Reserve and its New York branch, as well as the Commodity Futures Trading Commission, the Wall Street Journal reported on Tuesday, citing Treasury spokeswoman Alexandra LaManna.

“Secretary Yellen believes the integrity of markets is important and has asked for a discussion of recent volatility in financial markets and whether recent activities are consistent with investor protection and fair and efficient markets,” LaManna told the Journal.

The meeting is expected to happen as early as Thursday.

The Treasury secretary reportedly felt the need to obtain permission from ethics lawyers before calling the meeting, according to Reuters, as she previously received a whopping $810,000 in speaking fees from one of the Wall Street hedge funds on the receiving end of the GameStop short squeeze, Citadel LLC. Those payments were just a fraction of the $7.2 million Yellen raked in from a who’s-who of corporations, banks and investment firms since 2019, among them Goldman Sachs, Google, Citi, and Credit Suisse.

The GameStop debacle kicked off quietly over 2020, but exploded into the headlines last week as a horde of online investors – many hailing from Reddit’s WallStreetBets forum – drove several companies’ stock prices through the roof. The amateur traders noticed major hedge funds were heavily short-selling certain shares, effectively betting on those firms to fail, launching a frenzied buying campaign that imposed billions in losses on the funds, chief among them Citadel and Melvin Capital.

GameStop’s share price – as well as that of other shorted companies that were inflated during the buying spree, such as Nokia, BlackBerry and AMC – has since collapsed, tumbling 60 percent on Tuesday alone, though similar grassroots efforts have already begun to take hold in the metals markets.

White House press secretary Jen Psaki hinted that US regulators could soon address the volatility issues, telling reporters on Monday the SEC is “reviewing and monitoring the situation,” and that the GameStop mania had raised an “important set of policy issues.” She declined to say what actions might be taken, however.

The SEC itself also suggested last Friday that it would look closely at the actions of some brokerage firms, such as trading platform Robinhood, which restricted purchases of the inflated stocks, likely helping to quell the price surge and reign in the crippling losses inflicted on Wall Street.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
China Warns UK of ‘Consequences’ After Delay to London Embassy Approval
France’s Wealthy Shift Billions to Luxembourg and Switzerland Amid Tax and Political Turmoil
"Sniper Position": Observation Post Targeting 'Air Force One' Found Before Trump’s Arrival in Florida
Shouting Match at the White House: 'Trump Cursed, Threw Maps, and Told Zelensky – "Putin Will Destroy You"'
Windows’ Own ‘Siri’ Has Arrived: You Can Now Talk to Your Computer
Thailand and Singapore Investigate Cambodian-Based Prince Group as U.S. and U.K. Sanctions Unfold
‘No Kings’ Protests Inflate Numbers — But History Shows Nations Collapse Without Strong Executive Power
Chinese Tech Giants Halt Stablecoin Launches After Beijing’s Regulatory Intervention
Manhattan Jury Holds BNP Paribas Liable for Enabling Sudanese Government Abuses
Trump Orders Immediate Release of Former Congressman George Santos After Commuting Prison Sentence
S&P Downgrades France’s Credit Rating, Citing Soaring Debt and Political Instability
Ofcom Rules BBC’s Gaza Documentary ‘Materially Misleading’ Over Narrator’s Hamas Ties
Diane Keaton’s Cause of Death Revealed as Pneumonia, Family Confirms
Former Lostprophets Frontman Ian Watkins Stabbed to Death in British Prison
"The Tsunami Is Coming, and It’s Massive": The World’s Richest Man Unveils a New AI Vision
Outsider, Heroine, Trailblazer: Diane Keaton Was Always a Little Strange — and Forever One of a Kind
Dramatic Development in the Death of 'Mango' Founder: Billionaire's Son Suspected of Murder
Two Years of Darkness: The Harrowing Testimonies of Israeli Hostages Emerging From Gaza Captivity
EU Moves to Use Frozen Russian Assets to Buy U.S. Weapons for Ukraine
Europe Emerges as the Biggest Casualty in U.S.-China Rare Earth Rivalry
HSBC Confronts Strategic Crossroads as NAB Seeks Only Retail Arm in Australia Exit
U.S. Chamber Sues Trump Over $100,000 H-1B Visa Fee
Shenzhen Expo Spotlights China’s Quantum Step in Semiconductor Self-Reliance
China Accelerates to the Forefront in Global Nuclear Fusion Race
Yachts, Private Jets, and a Picasso Painting: Exposed as 'One of the Largest Frauds in History'
Australia’s Wedgetail Spies Aid NATO Response as Russian MiGs Breach Estonian Airspace
McGowan Urges Chalmers to Cut Spending Over Tax Hike to Close $20 Billion Budget Gap
Victoria Orders Review of Transgender Prison Placement Amid Safety Concerns for Female Inmates
U.S. Treasury Mobilises New $20 Billion Debt Facility to Stabilise Argentina
French Business Leaders Decry Budget as Macron’s Pro-Enterprise Promise Undermined
Trump Claims Modi Pledged India Would End Russian Oil Imports Amid U.S. Tariff Pressure
Surging AI Startup Valuations Fuel Bubble Concerns Among Top Investors
Australian Punter Archie Wilson Tears Up During Nebraska Press Conference, Sparking Conversation on Male Vulnerability
Australia Confirms U.S. Access to Upgraded Submarine Shipyard Under AUKUS Deal
“Firepower” Promised for Ukraine as NATO Ministers Meet — But U.S. Tomahawks Remain Undecided
Brands Confront New Dilemma as Extremists Adopt Fashion Labels
The Sydney Sweeney and Jeans Storm: “The Outcome Surpassed Our Wildest Dreams”
Erika Kirk Delivers Moving Tribute at White House as Trump Awards Charlie Presidential Medal of Freedom
British Food Influencer ‘Big John’ Detained in Australia After Visa Dispute
ScamBodia: The Chinese Fraud Empire Shielded by Cambodia’s Ruling Elite
French PM Suspends Macron’s Pension Reform Until After 2027 in Bid to Stabilize Government
Orange, Bouygues and Free Make €17 Billion Bid for Drahi’s Altice France Telecom Assets
Dutch Government Seizes Chipmaker After U.S. Presses for Removal of Chinese CEO
Bessent Accuses China of Dragging Down Global Economy Amid New Trade Curbs
U.S. Revokes Visas of Foreign Nationals Who ‘Celebrated’ Charlie Kirk’s Assassination
AI and Cybersecurity at Forefront as GITEX Global 2025 Kicks Off in Dubai
DJI Loses Appeal to Remove Pentagon’s ‘Chinese Military Company’ Label
EU Deploys New Biometric Entry/Exit System: What Non-EU Travelers Must Know
Australian Prime Minister’s Private Number Exposed Through AI Contact Scraper
Ex-Microsoft Engineer Confirms Famous Windows XP Key Was Leaked Corporate License, Not a Hack
×