Treasury Secretary Janet Yellen has called a meeting with top financial regulators to discuss recent volatility in financial markets related to GameStop Corp. , a Treasury spokeswoman confirmed Tuesday night.
Ms. Yellen, who chairs a council of regulators that monitors financial stability risks, has asked for a meeting with officials at the Securities and Exchange Commission, the Federal Reserve, the New York Fed and the Commodity Futures Trading Commission, Treasury spokeswoman Alexandra LaManna said.
“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,” Ms. LaManna said.
The meeting, which is expected to occur as early as Thursday, was previously reported by Reuters.
A group of day traders rallied together in recent weeks to buy shares of GameStop, driving up the price more than 10-fold and prompting complaints that the frenetic activity was manipulative.