Securities & Exchange Commission Looking Into Trading Frenzy

The transcript discusses the calls for more regulation in the stock market, particularly focusing on the GameStop situation. It highlights the concerns of Capitol Hill regarding the perceived bias towards hedge funds and Wall Street banks, leaving retail investors at a disadvantage. The SEC's role is examined, with a focus on their concerns about stock manipulation and the challenges they face in addressing non-traditional scenarios like the GameStop surge, where investors are not engaging in classic pump and dump schemes.

What do lawmakers believe about the trading rights of retail investors in the context of the GameStop situation?

Explain the difference between the classic pump and dump scheme and the situation with GameStop as described in the text.