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Says he isnât in favour of regulatory action against retail traders.
29 Jan 2021
Mark Mobius, co-founder of Mobius Capital Partners. Image: Bloomberg
As authorities in the US take a closer look at stock-market activity amid the Reddit-fueled surge in GameStop Corp., veteran investor Mark Mobius says he isnât in favour of regulatory action against retail traders.
âThere definitely should not be any regulatory action,â Mobius said in an email interview. âThe regulator should only ensure that trading is done efficiently and fairly with all buyers and sellers (regardless of their objectives) treated equally.â
The US Securities and Exchange Commission has said it is âactively monitoringâ volatility in options and equities markets amid a surge in GameStop and other companies over the past week that prompted Democratic Senator Elizabeth Warren to demand action from regulators.