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Strategies & Market Trends : The Great Canadian Stock Index

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Jan 17 4:00 PM EST

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From: Maple MAGA	2/15/2021 10:37:20 AM
	of 119

New York Stock Exchange president: "The markets are not a casino" In an interview with "Axios on HBO," New York Stock Exchange president Stacey Cunningham rejected comparisons between stock market investing and gambling. Between the lines: Sen. Elizabeth Warren recently said "investors big and small are treating the stock market like a casino," in response to last month's situation with GameStop, Reddit and Robinhood. Cunningham says Warren is wrong. How Cunningham replied: Cunningham also says that NYSE officials have not been asked to testify at upcoming House or Senate hearings on the last month's headline-making volatility, even though GameStop, AMC and several other "meme stocks" trade on the NYSE. On the issues: Cunningham is strongly opposed to a financial transaction tax that's been floated as a way to better even the investor field, even threatening to pull NYSE out of New York were there to be such a tax passed at the state level. She does, however, believe regulators should take a "fresh look" at requiring more transparency around short positions held by hedge funds.

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