Regulating the Meme Stock Phenomenon

Matt Levine, a columnist for Bloomberg Opinion who writes the Bloomberg newsletter Money Stuff, joined the What Goes Up podcast to discuss some of the hot finance topics he’s been covering and what he means when he says “everything is securities fraud.”

“I have a genre of stories called ‘everything is securities fraud,’ which is where public companies do random bad things and people sue them for securities fraud,” Levine says. “It’s indicative of this really big, interesting trend in American securities laws where everything gets sort of reflected—all conduct gets reflected—through the notion of securities fraud because it’s easy to bring cases and the damages can be really large. And so you can like litigate, you can fight over, all sorts of political and social issues by calling them securities fraud.”

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