WASHINGTON, Feb. 4 (Xinhua) -- U.S. financial regulators met on Thursday to discuss recent market volatility related to stock prices of video game retailer GameStop.

"They discussed market functionality and recent trading practices in equity, commodity and related markets," the U.S. Treasury Department said in a statement following a meeting between Treasury Secretary Janet Yellen and the heads of the Securities and Exchange Commission (SEC), the Federal Reserve Board, the Federal Reserve Bank of New York, and the Commodity Futures Trading Commission (CFTC).

"The regulators believe the core infrastructure was resilient during high volatility and heavy trading volume and agree on the importance of the SEC releasing a timely study of the events," the statement said.

In addition, the SEC and the CFTC are reviewing whether trading practices are consistent with investor protection and fair and efficient markets, according to the Treasury Department.

"Secretary Yellen believes it is imperative to uphold the integrity of these markets and ensure investor protection," the department said.

The meeting came as GameStop stock prices experienced great fluctuations in recent weeks amid a standoff between retail investors and hedge funds. The speculative frenzy later spilled into the silver futures market, which is regulated by the CFTC, raising concerns about a bubble and financial stability.

It also drew the attention of high-profile investors and plenty of lawmakers who called on regulators to intervene. The SEC said last week that it was closely monitoring and evaluating the extreme price volatility of certain stocks' trading prices over the past several days.

"Extreme stock price volatility has the potential to expose investors to rapid and severe losses and undermine market confidence," the SEC warned.