NEW YORK -- U.S. lawmakers on Thursday interrogated the major actors involved in January's GameStop saga, after the trading frenzy highlighted tensions between retail investors and Wall Street institutions, as well as technology companies' evolving role in financial markets.
Chief executives of free trading app Robinhood, financial powerhouse Citadel, hedge fund Melvin Capital and social media platform Reddit appeared before the House Committee on Financial Services in the first of a series of hearings to scrutinize recent events of market volatility. Keith Gill, the retail investor and YouTuber known as "Roaring Kitty" who is seen as instigating the GameStop rally, also testified.
