GameStop Trading Ought To Be Halted for 30 Days, One Regulator Says

As the headline-making short squeeze of video game and electronics retailer GameStop Corp. (NYSE: GME) continues, one government official is calling for a month-long halt to trading of the company's shares. Barron's reports that Secretary of the Commonwealth of Massachusetts William Galvin wants a 30-day trading suspension, remarking, "small and unsophisticated investors are probably going to get hurt by this." Galvin says the New York Stock Exchange ought to "consider simply suspending it for a month and stop trading it," and that there is "no rational basis for this run up."