Former SEC Chairman: The return of meme stocks is troubling, but there are no legal issues at the moment

Odaily News CNBC interviewed Jay Clayton, former chairman of the SEC. Regarding GME's 187% rise this week and the resurgence of Meme stocks, Clayton said: "It bothers me on many levels. It's closer to gambling than trading, and certainly not investing." In addition, Clayton commented on the legality of Roaring Kitty's recent behavior. Although it does not belong to insider trading and stock market manipulation, Clayton believes that Kitty should express his thoughts directly and clearly (Tell people why you do this.)