Individual stock performance should be driven by financial realities, but if investors choose to ignore those realities and gamble on meme stocks, that is their own decision.

“I'll just point out like I don't think that there's anything about the actual performance of the underlying business and the security that you are buying or selling when you were making a decision about whether or not to buy or sell this security and I think that that's the real question does that e”

Retail investors are sufficiently protected by existing disclosure requirements, and there is no reason to design securities laws around specific meme stock events.

“but that doesn't mean you want to design the entire system of Securities laws around one or two meme stocks the fact of matter is that investors are sufficiently protected by robust disclosure requirements”

Fundamentals do not matter for short-term trading of meme stocks, as momentum drives them.

“Now, fundamentally, we get it. It's bleeding out. Like, fundamentally, the revenue's down. Like, fundamentals suck. But, who cares about fundamentals? It's all about like momentum and trade when you're doing short-term swings.”