Robinhood BANS Gamestop, AMC, Nokia and MORE

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Robinhood restricts trading in stock and options of GameStop, other names involved in frenzy

Brokers took steps to restrict the trading in GameStop stock and options and other related names caught up in a flurry of trading activity that has captivated the attention of Wall Street and caused big losses for hedge funds. In some cases, investors would only we able to sell their positions and not open new ones.

Free-stock trading pioneer Robinhood and Interactive Brokers both made efforts to curb the wild trading activity in heavily shorted names like GameStop, AMC Entertainment, Koss and more on Thursday.

“We continuously monitor the markets and make changes where necessary. In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK. We also raised margin requirements for certain securities,” Robinhood said in a statement.

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Did Interactive Brokers Restrict Game, Robinhood BANS Gamestop, AMC, Nokia and MORE.

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Emini Trading – Excessive Self Confidence Trading Eminis?

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