Tag Archives: Financial Services Cmte

Robinhood Blocking GameStop Stocks Has AOC and Cruz In Rare Agreement

In an exceptionally rare move, Democratic Congresswoman Alexandria Ocasio-Cortez and Republican Senator Ted Cruz agree that there needs to be an investigation into the investment app Robinhood after it made a controversial decision to stop retail investors from buying GameStop stocks on Thursday morning. Citing “recent volatility,” Robinhood is restricting transactions for stocks that have […]

Elon Musk Backs AOC’s Call to Investigate Robinhood for Barring GameStop Purchases

Elon Musk came out in support of Rep. Alexandria Ocasio-Cortez after she called out day trading app Robinhood’s decision to halt the trading of GameStop stock. AOC tweeted in part, “We now need to know more about @RobinhoodApp’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they […]