Veteran investor Mark Mobius says regulators should ‘definitely’ not take any action against Reddit traders

Veteran investor Mark Mobius says regulators should ‘definitely’ not take any action against Reddit traders

REUTERS/Sukree Sukplang

Renowned emerging-markets investor Mark Mobius isn't in favor of regulatory action against day traders.The regulator should only ensure that trading is done efficiently and fairly, he told Bloomberg.Mobius Capital Partners has made no changes to its portfolio based on retail flows.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

After the US Securities and Exchange Commission said it would monitor ongoing volatility in the options and equities market, legendary investor Mark Mobius has put it out there that he disapproves of regulatory action against retail traders.

"There definitely should not be any regulatory action," Mobius told Bloomberg in an email. "The regulator should only ensure that trading is done efficiently and fairly with all buyers and sellers (regardless of their objectives) treated equally."

The long-time investor has authored several books on investing and has spent more than 40 years working in emerging markets.

Read More: As Redditors flood the stock market, UBS breaks down 6 options strategies investors can use right now to protect their portfolios





A surge in highly volatile stocks like GameStop, AMC, BlackBerry, and Bed Bath & Beyond due to a Reddit-fueled short-squeeze raised concerns about the influence of social media forums on the stock