"In the interest of mitigating risk for our company and clients, we have put in place several restrictions on some transactions in $GME, $AMC and other securities," TD Ameritrade said in a statement. "We made these decisions out of an abundance of caution amid unprecedented market conditions and other factors."
Charles Schwab also has put in place limits on certain activities involving GameStop shares. "At Schwab, we changed our margin requirements on GME to 'non-marginable' on January 13, 2021, and have put restrictions in place on certain transactions in GME and other securities," a spokesperson told CNBC.
Galvin contends the New York Stock Exchange should put in place a 30-day trading halt on GameStop shares. He said he believes the trading action is a particular problem for individual investors, some of whom may be newcomers who began buying stocks during the coronavirus pandemic trading boom. "These types of entities, such as GameStop, have created a really difficult situation for these people. They think they're missing out if they don't make a bet on them," he said. "They don't really understand what they're doing. I think small-time investors like that, unsophisticated investors, are going to be hurt by this.
OMG Galvin is such an out of touch ass. Prob mad he didnt get a position in Biden's admin.
Ohh yeah, did this regulator do anything when the financial sector endangered the world economy with CDOs back in the day?
Sure a$$hole everything you can’t control and exploit threatens your leechy life style.
Jesus that bloke looks like the doesn't even know what the internet is
What more dangerous, print dollars for market or retailers make money by themselves.what kind of hedge funds these are, u were sitting on naked shorts. Admit your wrongdoing
But it’s ok for the hedge funds to manipulate the market 🖕🏿
So hedge fund guy called regulator guy 😂😂😂
Bill Galvin loves going after brokers and traders. He has been at it for over 20 years in MA. If he holds a press conference he either has a target in sight or is devoting resources to find one. Expect subpoenas to fly soon.
This is a cheek and big fraud. Nobody stopped trading when Luckin coffee fell 90%. It is not to protect investors. Others are protected. ^^
What a load of crap. I like how GameStop & the novices are somehow to blame for this when it’s the hedge fund shorts who created this.
That is some straight up BULLSH*T
I couldn't sell against my positions and reduce my risk on these stocks. Thanks TDAmeritrade !
I think the hedge funds bought this guy out.
Huh? Sounds like he was shorting the stock. Free markets.
Nice try ;)
You started it!