Sen. Pat Toomey told CNBC on Tuesday he welcomes stock trading apps that make investing seem more approachable, rejecting complaints by some that brokerages like Robinhood have led to the so-called gamification of the equity market.
The Pennsylvania Republican made the comments on “Squawk Box” ahead of Tuesday morning’s Senate Banking Committee hearing on retail investors and the GameStop trading frenzy that began in January. Toomey is the ranking member on the committee.
“There’s a lot of criticism about gamification. … The idea that you make the experience of investment enjoyable and easy is somehow a problem for some folks. Not for me,” Toomey told CNBC.
Robinhood, a brokerage app…