EU to consider lessons from frenzied retail trading on Wall Street

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By Huw Jones
LONDON (Reuters) - The European Union will consider potential lessons from the recent frenzied trading by retail investors on Wall Street in its broad review of consumer protection in markets, a senior European Commission official said on Friday.
The rise of retail investors in share trading is a trend that cannot be prevented but it has to be managed, said John Berrigan, head of the EU executive's financial services unit.
"We want to take a European perspective and not assume that what happened in the U.S. can happen here," Berrigan told an EU online event.
Online trading came to the fore last month after retail investors following the Reddit forum WallStreetBets piled into GameStop Corp share via the Robinhood platform, sending the retailer's stock rocketing more than ...


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