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Lawmakers announce hearings on GameStop and online trading platforms

 
Taylor Hatmaker
Updated Thu, January 28, 2021, 5:56 PM·2 min read
 
 
"" rel="nofollow noopener noreferrer ugc" target="_blank">https://media.zenfs.com/en/techcrunch_350/686a424aeebdabff85019fa61ebb7c05"; rel="nofollow noopener noreferrer ugc" target="_blank">"" rel="nofollow" target="_blank">https://s.yimg.com/uu/api/res/1.2/4ctg9JdbHJSGtZLNF80L8w--~B/aD03MzI7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/techcrunch_350/686a424aeebdabff85019fa61ebb7c05" style="animation:100ms ease 0s 1 normal none running fade; border-radius:8px; border:none; height:auto; left:378.5px; max-width:100%; min-height:1px; min-width:1px; position:absolute; top:0px; transform:translate(-50%, 0px); vertical-align:bottom">
HOLLYWOOD, CA - JANUARY 27: General views of GameStop in Hollywood busy with customers waiting in line to enter the video game retailer on January 27, 2021 in Hollywood, California. (Photo by AaronP/Bauer-Griffin/GC Images)
 

The GameStop short squeeze saga caught the attention of Congress Thursday morning and that buzz is already panning out into hearings on the topic.

Rep. Maxine Waters (D-CA), chairwoman of the House Committee on Financial Services, announced plans for an investigation into the situation, pointing to a history of "predatory conduct" from hedge funds.

Waters didn't call out Robinhood or any other trading services by name, but did note that a future hearing would focus on the systemic financial impact of short selling, "gamification" and online trading platforms. The hearing date is not yet set.

 

"Addressing that predatory and manipulative conduct is the responsibility of lawmakers and securities regulators who are charged with protecting investors and ensuring that our capital markets are fair, orderly, and efficient," Waters said.

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PostSubject
#6184  Sticky Note BOOOM $GME STORES MAY BECOME CRYPTO STORES ==> Major_Bankz 02/26/21 06:49:29 AM
#5892  Sticky Note Institutions Own over 100% of the Shares Outstanding! MWM 02/25/21 06:58:18 AM
#3770  Sticky Note I'm laughing so hard I can hardly breathe... https://twitter.com/cocomoco12345 Carjockey2 02/01/21 06:12:55 PM
#7001   It’s about time Thai5533 03/08/21 07:46:22 AM
#7000   https://youtu.be/8OjCe5D-WP8 bramkers 03/08/21 07:33:42 AM
#6999   Shorts in trouble!! bramkers 03/08/21 07:31:01 AM
#6998   $GME might take a long position today if BoilerRoom 03/08/21 07:30:47 AM
#6997   Very interesting bramkers 03/08/21 07:26:24 AM
#6996   Nice! F/T 03/08/21 07:20:03 AM
#6995   We broke $150 MASTERULTRA 03/08/21 07:15:33 AM
#6994   $GME Said to Tap $CHWY's Cohen to Lead MWM 03/08/21 07:13:01 AM
#6993   Almost sold my call here but ran out Kid-Gloves 03/08/21 06:19:32 AM
#6992   $GME more on the DTCC rules change and MWM 03/08/21 03:14:16 AM
#6991   https://www.reddit.com/r/wallstreetbets/comments/lzbh46/gme_realistic_price_prediction_dd/?%24deep_l prospector777x3 03/08/21 03:04:14 AM
#6990   This is Big News with the DTCC https://youtu.be/8OjCe5D-WP8 MWM 03/08/21 02:42:02 AM
#6989   I'm sorry, im not good at math and MASTERULTRA 03/08/21 02:37:41 AM
#6988   GME: New SEC Ruling Hurts Hedge Funds, Helps GME MoneyMaker111 03/08/21 01:56:02 AM
#6987   I truly hope the company does a forward ThumpThump 03/08/21 01:41:09 AM
#6986   Only thing that could go wrong is if Robbinhood101 03/08/21 01:40:28 AM
#6985   https://www.youtube.com/watch?v=mtZ1eB8LcQQ Watch 1:17 to 1:25 prospector777x3 03/08/21 01:40:12 AM
#6984   Wait until $1000 to $2000 or even hold 10nisman 03/08/21 01:37:29 AM
#6983   If Tesla shares bought before the big sqeeze prospector777x3 03/08/21 01:33:49 AM
#6982   DTCC is “ Depository Trust and Clearing Corporation ThumpThump 03/08/21 01:30:47 AM
#6981   DTCC is what? Robbinhood101 03/08/21 01:27:35 AM
#6980   Wow Robbinhood101 03/08/21 01:21:41 AM
#6979   Wait until $1000 to $2000 or even hold Robbinhood101 03/08/21 01:18:32 AM
#6978   IMO I would leave it at the max ThumpThump 03/08/21 01:00:49 AM
#6977   I just set my sell limit at $385 MASTERULTRA 03/08/21 12:44:58 AM
#6976   A new 52 week high and watch many MASTERULTRA 03/08/21 12:43:34 AM
#6975   God willing. Its looking time. prospector777x3 03/08/21 12:26:15 AM
#6974   Haha... With both hands my friend!! I want ThumpThump 03/08/21 12:24:48 AM
#6973   Sorry..."Typo" ... thump thump as in bangin the prospector777x3 03/08/21 12:20:51 AM
#6972   I’m not sure what that means but I ThumpThump 03/08/21 12:16:33 AM
#6971   "Thump Thump" is all I got to say!!! prospector777x3 03/08/21 12:14:29 AM
#6970   Sums it up nicely... Looks like the DTCC ThumpThump 03/08/21 12:10:02 AM
#6969   hr. ago/Uncle Bruce! https://www.youtube.com/watch?v=8OjCe5D-WP8 prospector777x3 03/07/21 11:58:41 PM
#6968   It was filed Friday after market I believe... ThumpThump 03/07/21 11:48:50 PM
#6967   Yup. That’s exactly what it means. DTCC enforcement QaB2i 03/07/21 11:37:18 PM
#6966   Would you say the same about Tesla stock? Natureboy1 03/07/21 11:31:01 PM
#6965   So my interpretation of reading through this briefly Here Today 03/07/21 11:09:12 PM
#6964   Just read this - holly molly, I say wallstreet1231 03/07/21 11:07:54 PM
#6963   They timed it to go into effect right ignatiusrielly35 03/07/21 09:43:37 PM
#6962   Looks like the NSCC has realized that there Steady_T 03/07/21 07:49:15 PM
#6961   Why now? Are they really that concerned Stocker1 03/07/21 07:30:09 PM
#6960   So if I read this right, NSCC wants Stocker1 03/07/21 07:27:38 PM
#6959   (v) Implementation Timeframe jeffree 03/07/21 07:23:02 PM
#6958   OH BOY OH BOY!! Sh-t just got real.... ThumpThump 03/07/21 06:09:14 PM
#6956   Just remember, the stock is actually worth about Dragnet 03/07/21 05:57:23 PM
#6955   They say when you see a Bull Flag Jimmy Joe 03/07/21 05:28:51 PM
#6954   Incredible timing king oil 03/07/21 05:06:51 PM
#6953   And it looks like the checks may be ignatiusrielly35 03/07/21 04:05:29 PM
#6952   Rumors are people buying 1 shares of GME MASTERULTRA 03/07/21 03:49:00 PM
#6951   It looks like they had to selectively decide ignatiusrielly35 03/07/21 03:21:17 PM
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