AOC, Ted Cruz, and fellow lawmakers are demanding answers after swings in GameStop stock. Here’s what they said

AOC, Ted Cruz, and fellow lawmakers are demanding answers after swings in GameStop stock. Here’s what they said

Account active since As investors watched GameStop stock rise and fall this week, lawmakers asked the Securities and Exchange Commission to look into market volatility and trading platforms. Some asked for the SEC to review actions taken by Robinhood, a retail investment platform, which paused some trading of GameStop and other stocks on Thursday. "We continuously monitor the markets and make changes where necessary," the company said in a statement on Thursday. "In light of recent volatility, we restricted transactions for certain securities to position closing only." The app restarted most trading on Friday, after raising $1 billion from existing investors overnight. Here's what a few lawmakers said about this week's market activity. Senator Elizabeth Warren. Eric Thayer/Reuters In a letter to the Securities and Exchange Commission, Senator Elizabeth Warren said: "I am deeply concerned that these casino-like swings in the value of GameStop and other company shares are yet another example of the gamesmanship that interferes with the 'fair, orderly, and efficient' function of the market, raising obvious questions about public confidence in the market and those trading in it." She said she wants to know "how the SEC intends to address these concerns and prevent these and future