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Security and Exchange Commission chair to testify on GameStop stock rally
NBC News Clone summarizes the latest on: Mmvo111429189987 - Breaking News | NBC News Clone. This article is rewritten and presented in a simplified tone for a better reader experience.
The chair of the nation’s top market watchdog is set to appear in front of Congress to testify on the transparency around short selling, a tactic used by big investors to bet that a stock's price will fall. NBC News’ Ben Popken explains how short selling GameStop shares backfired and how legislation could protect small investors.
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