practice note United States English original

Staff Report on Equity and Options Market Structure Conditions in Early 2021

SEC staff report on the January 2021 meme-stock episode, market structure, retail order flow, options trading, clearing, and issues for further regulatory consideration.

Use It For

Use this to connect securities regulation with investor protection, intermediaries, clearing risk, and the institutional design of public markets.

Teaching Notes

The report works well in class because it lets students see how regulators translate a market event into reform questions without treating every problem as a company-law problem.