Fmr. SEC Commissioner: GameStop Short Squeeze Not Unlike What We Saw At The Capitol On January 6
— PG Howie (@pghowie3)
Unger compared the stock market rush to buy video game retailer Game Stop to the riots earlier this month where protesters broke into the Capitol building.
“It puts a lot of questions about the integrity of the market, everyone is scratching their heads over this. What should happen? What can be done to stop this?” she asked about the ability of social media users to act in public together. ” Not unlike what we saw on January 6 on the Capitol. If you don’t have the police in there at the right time, things go a little crazy.”
Robinhood CEO Vlad Tenev confirmed to CNBC Thursday that the company had paused trading on certain high-volume stocks such as GameStop and AMC Theaters, because they needed to secure enough credit lines as a proactive measure amid the high volume of trading the platform was seeing during this…
Interactive Brokers chairman and founder Thomas Peterffy joins CNBC’s “Closing Bell” to discuss the decision to restrict trade activity.
“We are worried about the integrity of the marketplace and the clearing system,” Peterffy said Thursday on CNBC.
“The broker stands between these customers…
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