https://www.nzherald.co.nz/business...minal-prosecution/W7RUHYA2H45FZS7OS4VQRVXYNE/
The New Zealand regulator has asked investment platforms to remind investors of the rules or face potential criminal prosecution in the wake of rising retail investor activism in the United States.
Rob Everett, chief executive of the Financial Markets Authority, yesterday told a gathering of financial services leaders that the GameStop saga where retail investors allegedly deliberately pumped up stocks to take down a couple of hedge funds who had big short positions was a sign of major change in the market that was a "little scary" for regulators.
This weaponised use of options by retail investors is going to fundamentally change US markets if it hasn't already. The power of the crowd evident in that situation will be making hedge fund managers and regulators deeply uncomfortable.
https://www.nzherald.co.nz/business/retail-investors-warned-stick...
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