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Large US brokers, including Schwab and Robinhood, on Thursday curbed trading in shares including GameStop, AMC and BlackBerry. The move came as the biggest brokerages and apps for retail trading faced intense demand from users in the battle between day traders and professional short-sellers that has generated record trading volumes on Wall Street.
“This is unacceptable. We now need to know more about [Robinhood’s] ’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit.,” Ms Ocasio-Cortez said on Twitter, to which Mr Cruz replied, “totally agree”.
https://www.ft.com/content/17450cc8-506d-4c3c-928c-628f5f92efa8
