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Policy

Did GameStop Put Congress on the Right Track to Improving Trading Regulation?

We lay out the trade-offs of various proposals.

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Correction: An earlier version of this article incorrectly attributed a statement to Citadel CEO Kenneth Griffin. The full quote, "When your broker is being paid for order flow, you get a worse execution," was said by Rep. Brad Sherman, D-California, during the U.S. House Financial Services Committee hearing last month. (March 28, 2021)

The hubbub around GameStop (GME) has given politicians an opening to define a problem that can best be solved by their preferred market reforms.

Jasmin Sethi does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.