‘Anarchy never works’: Webull CEO Anthony Denier told us why the SEC should intervene as an army of Reddit traders takes over the market – and said membership exploded as people jumped ship from Robinhood

• In an exclusive interview, Webull CEO Anthony Denier said the SEC should “step in” amid volatility.
• Traders have been buying up shares of heavily shorted stocks like GameStop and AMC Entertainment.
• Denier said Webull’s membership skyrocketed as users jumped ship from Robinhood and elsewhere.

The Securities and Exchange Commission should “step in” and reestablish order in the market as an army of retail traders continues to drive volatility in the share prices of GameStop, AMC Entertainment, and others, Webull CEO Anthony Denier said.

In an interview with Insider on Thursday, Denier said the SEC should take action to regulate the breakneck price action in several heavily shorted stocks this week, saying, “these kinds of things usually end bad.”

“Just like anything else, order creates prosperity. This order and chaos is never good for anyone. It may be fun, but anarchy never works,” he said.