What You Need to Know
Stock market regulation may change after the recent collision between social media and finance.
FINRA is looking closely at broker-dealer platforms and the individuals who trade on them.
Cutting the time to clear a trade to T+1 could have prevented problems seen over the past month or so, experts say.
As regulators investigate what’s become known as the Reddit GameStop squeeze, industry officials are prognosticating how the rules that regulate the stock market could change after the collision between social media and finance.
One potential outcome: the Securities and Exchange Commission could move to a T+1 settlement date for securities transactions from the current T+2.