EXCLUSIVE-Treasury's Yellen to call regulator meeting on GameStop volatility, seeks ethics waiver

U.S. Treasury Secretary Janet Yellen is calling a meeting of key financial regulators this week to discuss market volatility driven by retail trading in GameStop and other stocks

Yellen will convene heads of the Securities and Exchange Commission, the Federal Reserve, the Federal Reserve Bank of New York and the Commodity Futures Trading Commission, a Treasury official said on Tuesday. Yellen has sought permission from ethics lawyers to do so, according to document seen by Reuters.

Yellen's decision to seek the waiver follows a report https://www.reuters.com/article/us-retail-trading-treasury-yellen-analys/analysis-gamestop-saga-may-provide-early-test-of-biden-administration-ethics-pledges-idUSKBN2A125E by Reuters that fees she was paid by a key player in the GameStop saga, hedge fund Citadel LLC, that she may need to seek an ethics waiver in order to do so.