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Last Post: 6/19/2021 12:17:19 PM - Followers: 445 - Board type: Free - Posts Today: 4

 

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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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GME News: GameStop: Lack of Strategy Is More Food for the Bears 06/15/2021 07:29:51 PM
GME News: GameStop Trading Slightly Lower Today, Despite Impressive Q1 Results 06/15/2021 10:36:05 AM
GME News: Statement of Changes in Beneficial Ownership (4) 06/11/2021 04:41:32 PM
GME News: Statement of Changes in Beneficial Ownership (4) 06/11/2021 04:40:54 PM
GME News: Statement of Changes in Beneficial Ownership (4) 06/11/2021 04:40:41 PM
PostSubject
#12330  Sticky Note Wedbush ups GME price target to $50 from Prudent Capitalist 06/10/21 01:10:54 PM
#8908  Sticky Note Reminder - Hedgies and interns! You can collect Ape Long Strong 03/22/21 08:18:33 AM
#7494  Sticky Note GME 270M shares shorted almost collapsed the system Major_Bankz 03/10/21 09:18:49 AM
#12579   Another pos.... monkeys aren't traders..... squeeze was in NewbieViewbie 06/19/21 12:20:27 AM
#12572   Ten more days of DR_rugby 06/18/21 02:46:27 PM
#12571   Oh. Ok. This the new narrative? Grandmasim 06/18/21 02:27:43 PM
#12570   10 more business days left at the most IMO chasem 06/18/21 01:57:40 PM
#12568   Or it's done. Take profits while you can NewbieViewbie 06/18/21 12:43:03 PM
#12567   Don't know of any "trapped hedgies" and submit Prudent Capitalist 06/18/21 12:33:08 PM
#12566   Lol. Not gonna happen. No matter how badly ignatiusrielly35 06/18/21 12:27:27 PM
#12565   Agree, or even lower. GME will likely Prudent Capitalist 06/18/21 12:14:31 PM
#12564   This will test 209 before it goes up again all4weed 06/18/21 11:53:11 AM
#12563   I like you Biteme123 06/18/21 09:07:14 AM
#12562   Oh. Shit. Insider selling? Mushyheaded 06/18/21 02:48:01 AM
#12560   I can't even remember where I bought at! fourdint 06/18/21 02:30:38 AM
#12559   GME holding the 215-230 line DR_rugby 06/18/21 12:21:41 AM
#12557   Anybody's take (good/bad/indifferent) on the effects of NY BuyerBeWhere 06/17/21 01:08:54 PM
#12556   This will test $210-214 today one more time, all4weed 06/17/21 12:50:07 PM
#12555   GameStop Bulls Attempt A Breakaway: What Does The jonny_red 06/17/21 11:52:54 AM
#12552   LMAO! So what. This report does Prudent Capitalist 06/17/21 10:46:51 AM
#12551   Congratulations DR_rugby 06/17/21 10:24:41 AM
#12550   GameStop. Dogecoin. AMC. Do meme traders need to Prudent Capitalist 06/17/21 10:07:17 AM
#12544   I was in and out of that short NewbieViewbie 06/17/21 12:15:12 AM
#12539   Carry on....getting close, real close. $GME$ Snizzle 06/16/21 10:25:14 PM
#12531   Don't make it until you take profits tho...holding NewbieViewbie 06/16/21 10:15:35 PM
#12521   I don't like bananas, but you first need NewbieViewbie 06/16/21 09:06:34 PM
#12520   I don't need a job...lmao!!!! I take profits. NewbieViewbie 06/16/21 09:05:04 PM
#12519   Being short from 210 to 194 was not NewbieViewbie 06/16/21 09:04:16 PM
#12514   Lol. The predators are those who tried to ignatiusrielly35 06/16/21 08:54:47 PM
#12513   Just like you said at 140? Great advice. ignatiusrielly35 06/16/21 08:53:04 PM
#12512   I am so tired of say this. You masterofdisaster 06/16/21 08:51:08 PM
#12510   https://www.reuters.com/business/meme-stock-prices-may-not-properly-reflect-dema masterofdisaster 06/16/21 08:30:35 PM
#12508   The squeeze is a scam now. It NewbieViewbie 06/16/21 08:10:20 PM
#12507   100%. Someone who gets it. ignatiusrielly35 06/16/21 07:05:30 PM
#12506   The last sentence was my point--the bottom fourdint 06/16/21 07:04:45 PM
#12505   Nice. ignatiusrielly35 06/16/21 07:04:41 PM
#12504   https://sec.report/fails.php?tc=Gme Today’s volume 5m shares DR_rugby 06/16/21 06:18:30 PM
#12503   https://sec.report/Document/0001326380-21-000070/ https://sec.report/Document DR_rugby 06/16/21 06:09:40 PM
#12502   Your last sentence is spot on. All that ignatiusrielly35 06/16/21 06:09:10 PM
#12501   Yea, for insiders, due to SEC scrutiny, it's fourdint 06/16/21 05:57:00 PM
#12500   Utterly meaningless to those of us playing the ignatiusrielly35 06/16/21 05:34:20 PM
#12499   If I’m a GME exec and 80% of ignatiusrielly35 06/16/21 05:32:43 PM
#12498   If they knew that the company had big NewbieViewbie 06/16/21 04:44:04 PM
#12497   The salient point is that there would not Prudent Capitalist 06/16/21 04:43:04 PM
#12496   Who in their right mind would not sell ignatiusrielly35 06/16/21 04:31:34 PM
#12495   This is the funniest post I've ever seen. maximus_art 06/16/21 03:51:29 PM
#12494   GME isn't a squeeze, it simply has a NewbieViewbie 06/16/21 03:44:11 PM
#12493   I disagree. Insiders are selling because they Prudent Capitalist 06/16/21 03:37:47 PM
#12492   Meaningless at this point masterofdisaster 06/16/21 03:22:37 PM
#12491   I do not particularly care for hedge funds Prudent Capitalist 06/16/21 03:21:29 PM
#12489   Ah, more propaganda sponsored by trapped hedge funds. Nice. ignatiusrielly35 06/16/21 11:07:20 AM
#12488   Bingo! The fictional spew changes daily based Prudent Capitalist 06/16/21 10:56:59 AM
#12487   But the other day GME was NEVER to Grandmasim 06/16/21 10:37:38 AM
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