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Yellen summons regulators to discuss market volatility
The meeting with the SEC, the Fed, the New York Fed and the CFTC is the Treasury secretary's first public effort to address the tumult involving GameStop shares.
Warren asks Robinhood to explain trading restrictions
The Democratic senator wants to know whether the limits the online brokerage set on trading shares of GameStop and other companies were influenced by hedge fund investors or financial services partners.
The mystery of the market
The massive money moves led to breathless coverage of these names on financial and mass media, and gave me flashbacks to 1999-2000, as market pundits waved their arms over these small names. It was energizing — but it misses the point.
Robinhood adds market manipulation and gamification to a quiver of woes
The free-trading app faces renewed accusations that its platform is manipulative amid a decision to halt certain trades just a month after Massachusetts regulators accused it of ‘gamification.’
SEC vows to act on potential manipulation during trading surge
Market volatility related to a surge in trading of shorted stocks has drawn the attention of regulators and lawmakers. But it’s not clear whether there's a role for them to play.
Buckle up! The GameStop saga isn’t going away
The real fun is just getting started, now that everybody and their mother knows what a short squeeze is.
Robinhood hit with lawsuits for blocking GameStop trades
While users of the trading platforms claim in court filings that they suffered losses from the restrictions, legal experts say brokerages have broad powers to block or restrict transactions — all of which is spelled out as part of customer agreements everyone signs to gain access to the services.
Brokerages spark outrage from lawmakers after halting GameStop trades
Trading platforms issued restrictions on GameStop, AMC and other shorted stocks that surged to unprecedented highs this week. Lawmakers like Rep. Alexandria Ocasio-Cortez, D-N.Y., and Sen. Ted Cruz, R-Texas, expressed deep concern.
Industry veterans put short-squeeze bedlam in perspective
The so-called short squeeze that drives up share prices by forcing investors betting on a stock to go down to buy more of it to hedge potential losses is not new to the 2020s, but it is easier to execute.
Gensler poised to confront stock market hit by historic mania
As President Joe Biden’s pick to lead the Securities and Exchange Commission, he will be faced with a run-up in share prices with few parallels.
Wells Fargo bans advisers from recommending GameStop, AMC
Clients can still call their advisers to initiate trades in those stocks, a bank spokesperson said. Both companies' shares have surged amid a push from retail traders.
How social media fueled the GameStop stock surge
The market frenzy was spurred by social media posts from prominent CEOs and internet influencers. The tweets and threads created internet mayhem and ultimately pushed the video game retail business to a $24 billion market cap.
Advisers ponder systemic risks to markets as GameStop stock spins out of control
A social media platform and ready access to mobile trading apps have helped push an otherwise obscure, money-losing videogame retail business to a $21 billion market cap.
It’s not just GameStop – trading frenzy spreads to many other shorted stocks
Since the GameStop stock options frenzy that quietly began early this month and exploded over the past week, some traders have followed by investing in other shorted stocks, with prices surging far past the returns seen in the indexes that include them.
