News roundup: GameStop, Robinhood, and the SEC made headlines last week - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Canada News News

What happened last week? GameStop stock soared, Robinhood halted trading, and the SEC said it would monitor the situation.

that its deposit requirements increased so rapidly that it had to block purchases to"comfortably" meet SEC regulations. , as users seemed to mistake it for the Robinhood app. The Securities and Exchange Commission in Washington, D.C.to the Securities and Exchange Commission on Friday, the regulator said it would keep an eye on the situation.

In a statement, the agency said:"The Commission is closely monitoring and evaluating the extreme price volatility of certain stocks' trading prices over the past several days. Our core market infrastructure has proven resilient under the weight of this week's extraordinary trading volumes." It added:"Nevertheless, extreme stock price volatility has the potential to expose investors to rapid and severe losses and undermine market confidence."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The people happened.

Do you think this is what people really need right now?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA

Canada Canada Latest News, Canada Canada Headlines