Jack Kelly | 21.02.02
In a blistering interview with CNN, Senator Elizabeth Warren was incensed over the trading activities last week, saying the market “is a rigged game.” Warren boldly called out the Securities and Exchange Commission (SEC), the premiere Wall Street regulator, admonishing the agency “to grow a backbone” and “get off their duffs and do their jobs.”
Warren said, “We need more regulation about market manipulation.” She also decried the practices of “pump and dumps” and stock buybacks that enrich the CEOs and executives. The senator added, “The SEC needs a broader look at how hedge funds and corporations manipulate the market.”
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U.S Senator Elizabeth Warren (D-MA) is a minority member of the US Senate Committee on Banking. She was re-elected to the United States Senate for a second term on November 6, 2018, by the people of Massachusetts. Elizabeth is a graduate of the University of Houston and Rutgers School of Law and was a law professor for over 30 years. She is also a subcommittee member on Economic Policy, Securities, Insurance, and Investment as well as Committee on Health, Education, Labor & Pensions (HELP), Special Committee on Aging and Armed Services.
United States Senate Committee on Banking