© Reuters. FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels
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.
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