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Better Finance says GameStop case highlights need to investigate ‘Payments For Order Flow’

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Published on: 05 March 2021

Published by LNB News

LNB News 05/03/2021

Document Information

Issue Date: 05 March 2021

Published Date: 05 March 2021

Jurisdiction(s): United Kingdom

Article summary

Better Finance has issued a statement saying the GameStop case highlights discrimination of ‘retail’ investors in stock markets. The statement discusses the conflicting interests of hedge funds and retail investors during the events of January 2021, when the market value of the American retailer soared from $1.4bn to $33.7bn. Better Finance says the European Securities and Markets Authority (ESMA), rather than warning retail investors of the risks of market manipulation, should have denounced the detrimental practice known as ‘Payments For Order Flow’ (PFOF).

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