Peterffy Says Markets Almost Broke During GameStop Mayhem
- Interactive Brokers chairman says SEC failed to take action
- The regulator has vowed to identify any potential wrongdoing
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Interactive Brokers Group Inc. Chairman Thomas Peterffy said financial markets came “frighteningly close” to breaking during last month’s Reddit-driven volatility.
The Securities and Exchange Commission failed to intervene last month, when hordes of retail investors drove up shares of GameStop Corp. and other firms, Peterffy said Thursday during an interview on Bloomberg Television.