Biden’s SEC pick says GameStop saga raises questions about trading apps like Robinhood

If confirmed to the SEC post, Gensler said, he would work to strengthen transparency and accountability in the markets. That will enable people “to invest with confidence and be protected from fraud and manipulation,” he said. “It means promoting efficiency and competition, so our markets operate with lower costs to companies and higher returns to investors. … And above all, it means making sure our markets serve the needs of working families.”