Simpson Thacher in the News
Go Back
Stephen Cutler Quoted in the Financial Times on Social Media Stock Chatter
01.26.21
This is only gets display when printing
Stephen Cutler, Global Head of the Firm’s Government and Internal Investigations Practice, was quoted in a Financial Times article titled, “Reddit traders wage battle against Wall Street.” The article discussed the recent stock swings resulting from coordinated trading strategies shared on online platforms such as Reddit, and highlighted growing concerns from investors and other market participants on the potential impact on the broader market. Steve, who previously served as the Director of Enforcement at the Securities Exchange Committee, noted that it is often retail investors who are drawn in by the online hype that are ultimately harmed.
To read the full article, please click here (subscription required).