The champion of retail investors, Senator Ted Kaufman, will soon leave his post, and Cramer thinks it’s a “tragedy.”
The Delaware Democrat, who replaced Joe Biden when he took office as vice president, has fought bear raiders by bringing back the uptick rule. He pushed for more transparency and accountability in the markets. He even knew that high-frequency trading and so-called financial innovation would eventually lead to the “flash crash” of May 6. And since then he’s pushed for “real structural reform,” Cramer said, and not the “band-aid” solutions proposed by the Securities and Exchange Commission—like circuit breakers.
So what happens when Kaufman leaves? What do regulators need to do to keep retail investors safe? Cramer invited him back to “Mad Money” one last time to discuss these important issues. Watch the video for the full interview.
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