Jay Clayton, chairman of the SEC.
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The chairman of the Securities and Exchange Commission, Jay Clayton, said on Thursday that he is concerned that individual investors are deploying money for risky, short-term trades and causing the price of certain stocks to skyrocket.
Clayton’s comments came in response to a question from CNBC’s Andrew Ross Sorkin, who asked the regulator if eye-popping rallies in stocks including Tesla are cause for alarm.
“Here at the SEC, when we think about that investor, we think about someone who’s investing for the long term: Investing over time, doing it on a monthly basis,” Clayton said. “What we are seeing is significant…