Robinhood, Interactive Brokers restrict trading in GameStop stock and options

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Amid the flurry of speculative activity in GameStop, brokers took steps to restrict the trading in GameStop stock and options and other related securities. Free-stock trading pioneer Robinhood and Interactive Brokers both took steps to curb the wild trading activity in heavily shorted names on Thursday. CNBC’s Carl Quintanilla and David Faber report. To see the full interview with Interactive Brokers chairman Peterffy sign up for a free trial to CNBC Pro: https://cnb.cx/2Ypo1Fq

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Did Interactive Brokers Restrict Gme, Robinhood, Interactive Brokers restrict trading in GameStop stock and options.

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Let’s just take the brief selling limitations on bank stocks for instance the SEC announced last week. It looks like brief selling is being used as a practical scapegoat to sidetrack people from the real reason for the banking crisis – inexperienced management at the banks that made foolish financial investment decisions, a federal government that motivated their careless habits, and a SEC that permitted them to play games with their balance sheets for many years. Individuals cautioned that Fannie and Freddie were doing accounting video games for years and the regulators sat there and did absolutely nothing.

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