In early 2021, shares of GameStop (GME) spiked, jumping nearly 1000% amid weeks of volatile trading. In the aftermath, several players, including Robinhood, Redditors, and market makers like Citadel face increased risk of liability and regulatory scrutiny for their roles in the GameStop saga. Kenneth Breen and Phara Guberman, partners at Paul Hastings, explain how the events unfolded and break down the legal issues involved, including market manipulation, breach of contract, and potential FINRA violations. They discuss the standards required to show pump and dump schemes and case law that may provide color on how the events should be evaluated.
In early 2021, shares of GameStop (GME) spiked, jumping nearly 1000% amid weeks of volatile trading. In the aftermath, several players, including Robinhood, Redditors, and market makers like Citadel face increased risk of liability and regulatory scrutiny for their roles in the GameStop saga. Kenneth Breen and Phara Guberman, partners at Paul Hastings, explain how the events unfolded and break down the legal issues involved, including market manipulation, breach of contract, and potential FINRA violations. They discuss the standards required to show pump and dump schemes and case law that may provide color on how the events should be evaluated.
Who's Liable After GameStop: A Law Professor's Take
Preview
Confirmation Code
If you will be requesting a certificate, you must save this six-digit Certificate Code and enter it following the video. You will NOT be able to receive credit unless this is correctly entered once you have completed the course. In case you don't write it down, we'll email you the code for your convenience.
Confirmation Code: 210317
If you are not requesting credit, you may ignore this Confirmation Code. Enjoy the rest of the Video.