SEC GameStop Report Debunks Conspiracies, Backs Gensler Plan (1)

A highly anticipated U.S. Securities and Exchange Commission report on January’s frenzied GameStop Corp. trading debunked some conspiracy theories that have swirled around social media for months, while adding momentum to Chair Gary Gensler’s push to toughen rules.

The 44-page document -- released Monday -- details the SEC’s assessment of one of the most remarkable periods of the pandemic economy, when retail traders took on Wall Street and sent shares of GameStop and other meme stocks into the stratosphere.

Agency officials didn’t offer specific policy recommendations, but they did say the episode warrants a close look at factors that prompt ...