According to a former SEC branch chief, the Redditors are "true believers" of a cause.
A legal expert seperately said proving fraud or market manipulation will be very difficult.
Senator Elizabeth Warren (D-Mass.) wrote an open letter to the U.S. Securities and Exchange Commission imploring the regulatory body to investigate the actions leading up and into the GameStop Corp. (NYSE: GME) short squeeze fiasco.
Her letter is creating a debate among investors and legal experts questioning what role a government body should play in the stock market that is supposed to be free, open, and fair to all.
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