Tag Archives: U.S. Securities and Exchange Commission

Robinhood Founder Vlad Tenev Says App Blocked GameStop Buys to ‘Protect Investors’

Vladimir Tenev, co-founder and CEO of stock trading app Robinhood, defended his company’s decision to block purchases of GameStop and other surging stocks as a move to “protect investors” on Thursday. Tenev made the remarks amid widespread criticism that the company’s action was taken to protect wealthy investors and hedge funds at the expense of […]

Former SEC counsel: Sure the SEC is addressing GameStop rally

Former SEC counsel: Sure the SEC is addressing GameStop rally Thomas Gorman, former special trial counsel for the SEC, joins “Squawk on the Street” to discuss the GameStop rally driven by Reddit traders, and what the SEC could do to control the volatility. 04:02 This content was originally published here.

Robinhood CEO to reportedly testify before US House committee over GameStop

Robinhood CEO Vlad Tenev will reportedly testify before the United States House Financial Services Committee over the firm’s role in the volatile trading of GameStop and other volatile stocks. According to a report by the American political publication Politico, Tenev is expected to participate in a virtual hearing headed by Representative Maxine Waters (D-Calif.) on […]

Reddit frenzy: Billionaire Mark Cuban says his 11-year-old son made money with WallStreetBets traders — and he ‘loves’ what’s going on with the forum

Cuban’s tweet gathered some criticism from followers for not addressing the need for regulation to control the current market dynamic, while others encouraged him to teach his kid to become a responsible investor. But piling into previously unloved stocks is unlikely to turn out to be a good thing for most retail investors, a CEO […]

WallStreetBets Traders Celebrate Losses Inflicted on Melvin Capital

A Wall Street Journal report surfaced Sunday that Melvin Capital Management lost 53 percent on its investments for the month of January, mostly in part to a flurry of activity in the last week amid the GameStop activity. The Reddit community WallStreetBets helped crash the firm’s party, and in the process celebrated “the little man” […]

Petition calls on Apple to remove Robinhood from App Store amid GameStop kerfuffle | AppleInsider

iadlib Said: I don’t understand how a trading platform can limit your access to purchasing shares of a publicly traded company so long as you have the funds to cover said purchase. It’s not a fraudulent transaction and any volatility it causes in the market is up to the SEC and the markets to deal […]

How GameStop frenzy has impacted the stock market

IE 11 is not supported. For an optimal experience visit our site on another browser. How GameStop frenzy has impacted the stock market The Dow, S&P 500 and Nasdaq all posted big losses on Friday even as GameStop stocks kept surging thanks to amateur investors. Meanwhile, the trading app Robinhood is facing backlash for blocking […]

Fmr. SEC Commissioner: GameStop Short Squeeze Not Unlike What We Saw At The Capitol On January 6

Fmr. SEC Commissioner: GameStop Short Squeeze Not Unlike What We Saw At The Capitol On January 6 Posted By Tim Hains On Date January 29, 2021 #BREAKINGFormer SEC Commissioner Laura Unger compares short squeeze to January 6th at the Capitol pic.twitter.com/H1PCv1ZUk6 — PG Howie (@pghowie3) Former SEC Commissioner Laura Unger spoke Thursday on CNBC about […]

Senator Warren Releases Statement on GameStop Trades | U.S. Senator Elizabeth Warren of Massachusetts

Senator Warren Releases Statement on GameStop Trades Washington, DC – United States Senator Elizabeth Warren today released the following statement on the recent GameStop trades. “With stocks soaring while millions are out of work and struggling to pay bills, it’s not news that the stock market doesn’t reflect our actual economy. For years, the same […]

SEC vows to protect ‘retail investors,’ amid GameStop frenzy

The Securities and Exchange Commission, the nation’s top financial regulator, said on Friday it is reviewing recent trading volatility that has led to a meteoric rise in GameStop and AMC Entertainment and other stocks. In a statement, the SEC vowed to to protect individual, retail traders and also promised to scrutinize actions taken by brokerages […]