CNN, Released on 2/4/21
Robinhood’s restrictions on trading for retail investors during the GameStop frenzy have stirred up a firestorm of controversy. Mohamed El-Erian, Chief Economic Adviser at Allianz, tells CNN Business’ Alison Kosik what the future of trading will look like after Reddit’s rally around $GME.
Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world’s largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at Salomon Smith Barney/Citigroup in London and before that, he spent 15 years at the International Monetary Fund in Washington, D.C. His book, When Markets Collide: Investment Strategies for the Age of Global Economic Change, was a New York Times and Wall Street Journal bestseller.