(Jan 27): Top securities regulator in Massachusetts thinks trading in GameStop Corp stock, which skyrocketed for a fourth straight day, suggests there is something "systemically wrong" with the options trading surrounding the stock, Barron's reported on Tuesday. “This is certainly on my radar,” William Galvin, secretary of the Commonwealth of Massachusetts, told the magazine. “I’m concerned because it suggests that there is something systemically wrong with the options trading on this stock.”GameStop and the office of the securities regulator in Massachusetts did not immediately respond to Reuters’ request for comment outside business hours. The stock surged 50% in extended trade after Musk tweeted “Gamestonk! !”, along with a link to Reddit’s Wallstreetbets stock trading discussion group.

Source: The Edge Markets January 27, 2021 03:45 UTC