Alexandria Ocasio Cortez calls Robinhood's block on trading GameStop, other stocks 'unacceptable'

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The New York congresswoman, joined by other House Democrats, called for a congressional investigation into the trading app's ability to block retail investors from trading freely.

slammed free-stock trading app Robinhood after it restricted trading of GameStock after Wall Street was sent into a frenzy this week.

On Thursday, Robinhood and other retail brokerages restricted trading in GameStop and other stocks after shares shot up and led to big losses for hedge funds.chat room, where rookies planned to invest in names like GameStop and AMC Entertainment that are heavily shorted by hedge funds. This week, shares of GameStop and AMC Entertainment ballooned more than 400 and 300 percent, respectively.

"Inquiries into freezes should not be limited solely to Robinhood," she added."This is a serious matter. Committee investigators should examine any retail services freezing stock purchases int he course of potential investigations - especially those allowing sales, but freezing purchases."

 

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Why don't Robinhood investors buy Bitcoin or Ethereum?

Pretty convenient for those few powerful investing houses who have the money to spend on shutting out everyone else. The investment industry seems more like a burden than a benefit.

Criminality

She is trying to defend the Wall Street?

dude..i love this woman

One of the few times I agree with Mrs. Cowfarts

Maga trying so hard to crash wall street and blame Biden

Everybody in the US became expert in almost everything ..

' CORPORATE MEDIA News' is losing Viewers after benefiting $$$ From Previous Political Chaos in WashingtonDC ....

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