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There are widespread reports that retail brokers such as @TDAmeritrade will restrict trading for individual investors today.
When will regulators restrict the illegal naked shorting of stocks by hedge funds, which is the root cause of this mayhem?
GME now showing 250% short
This is unacceptable.
We now need to know more about @RobinhoodApp’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit.
As a member of the Financial Services Cmte, I’d support a hearing if necessary.
This is beyond absurd. @FSCDems need to have a hearing on Robinhood's market manipulation. They're blocking the ability to trade to protect Wall St. hedge funds, stealing millions of dollars from their users to protect people who've used the stock market as a casino for decades.
One thing the GameStop fiasco illustrates is that the stock market is often detached from economic reality.
We should stop using it as a proxy for the economy.
So, market manipulation by federal reserve pumping $ into failing banks & corporations is okay. But Reddit users rallying GameStop is wrong and must be regulated? The entire stock market is disconnected from reality. Funny how quickly the financial press cries for hedge funds.
Washington DC police chief says 13 arrests were made at the Capitol today. Arrests at the Lakers championship celebration the night of Game 6? 76.
Insane.
In America, you can be teargassed and shot with rubber bullets for peacefully protesting in front of a church.
But you can literally bust down the doors to the United States Capitol and stroll around while police officers watch.
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