New York (CNN Business) Congresswoman Maxine Waters plans to thoroughly investigate the GameStop trading frenzy by holding multiple hearings on the matter. Waters, the chairwoman of the powerful House Financial Services Committee, told CNN Business she will likely hold three hearings, with the first one occurring Thursday . Subsequent hearings could focus on expert testimony and potential legislation, Waters said. Waters, a Democrat from California, sees Thursday's hearing as "informational," focused on identifying what actions were taken and by whom. The virtual hearing will feature testimony from Robinhood CEO Vlad Tenev, hedge fund billionaire Ken Griffin of Citadel , Reddit CEO Steve Huffman and Melvin Capital CEO Gabriel Plotkin.

Source: CNN February 18, 2021 02:15 UTC