Fletcher testifies before Senate committee on rise of “meme stocks”
Professor Gina-Gail Fletcher, whose research focuses on financial regulation, market manipulation, and corporate law, appeared during a hearing titled “Who Wins on Wall Street? GameStop, Robinhood, and the State of Retail Investing.”
Professor Gina-Gail Fletcher testified about the rise of “meme stocks” and their impact on the capital markets during a March 9 hearing of the U.S. Senate Committee on Banking, Housing, and Urban Affairs.
Fletcher, whose research focuses on financial regulation, market manipulation, and corporate law, appeared during a hearing titled “Who Wins on Wall Street? GameStop, Robinhood, and the State of Retail Investing.”
“Today, it is easier, cheaper and faster to trade more complex and leveraged financial products than ever before,” Fletcher said. “This new market reality requires that we rethink the risks that accompany these developments and, in so doing, consider what types of markets we want to create and encourage from a policy perspective.”
Fletcher joined the Duke Law faculty in July 2020 from the Indiana University Maurer School of Law where she was an associate professor of law. Her current research focuses on the interplay of public regulation and private ordering in enhancing market stability and integrity, and her recent scholarship has been published or is forthcoming in New York University Law Review, Duke Law Journal, and Iowa Law Review.
Prior to entering academia, Fletcher was an associate at Gibson Dunn & Crutcher in Washington, D.C., where she specialized in securities regulation, mergers and acquisitions, banking, and corporate governance.
Read her written testimony here.
Watch video of the hearing here (begins at 32:25).