GameStop Hearing – Summary of Witness Testimonies and Committee Memo
Attached is a summary of the written testimony submitted in advance of the hearing in the U.S. House Financial Services Committee – “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide”? – in the order as it appears on the Committee’s website (links to the individual testimony in the headers). The written testimonies are generally brief, with some providing recommendations on potential regulatory changes, primarily around shortening the settlement cycle.
Also included is a summary of the Committee memorandum on the hearing. A summary of the hearing itself will follow.
Please let me know if you have any questions on the hearing or associated issues.