Janet Yellen to meet with financial regulators over GameStop volatility
Treasury Secretary Janet Yellen has called a meeting with top U.S. financial regulators to discuss the recent market volatility related to trading of GameStop, a Treasury spokesperson confirms to ABC News.
The meeting would be with officials from the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Federal Reserve and the Federal Reserve Bank of New York, according to Treasury spokesperson Alexandra LaManna.
"Secretary Yellen believes the integrity of markets is important and has asked for a discussion of recent volatility in financial markets and whether recent activities are consistent with investor protection and fair and efficient markets," LaManna said in a statement to ABC News.
The meeting comes amid increased scrutiny in Washington of Robinhood’s decision to limit trading of certain stocks, including GameStop, after retail investors banded together to drive up prices. The House Financial Services Committee announced Monday it will hold a hearing later this month on market volatility and protections for retail investors.
-ABC News' Elizabeth Schulze