The U.S. Treasury, along with the heads of the Securities and Exchange Commission, the Federal Reserve, the Federal Reserve Bank of New York, and the Commodity Futures Trading Commission, has been investigating the reasons behind the surges in speculative stock prices over the past two weeks.
According to ABC News, U.S. Treasury Secretary Janet Yellen stated that she needs a deep understanding of what has occurred in the frenzy of retail stock trading before making any decisions ahead of a meeting scheduled for later today. Yellen added that it is crucial to ensure that our financial markets are functioning properly and efficiently and that investors are protected.
