Jagmeet Singh says that day traders are “not the problem” and that the hedge funds should face more regulation following a volatile week on the stock market.“The regulation should be clearly on the Wall Street bankers who effectively almost created, or did create, a complete economic meltdown because of their greed,” Singh said, referring to the 2008 stock market crash.“Folks that are trading and day trading or… engaged in different stock buying and selling – they are not the problem.
The problem that we’ve seen historically has been a lack of regulation of folks on Wall Street who have taken advantage of workers.” Robinhood, Interactive Brokers restrict trading on GameStop, BlackBerry and other stocks Singh did not expand on how these.