Robinhood is retreating a bit in its decision to curtail trading in shares of
GameStop and other securities like
AMC Entertainment that have been the focus of traders communicating on Reddit. The investment Fintech has just announced it will allow limited buys in these volatile securities starting tomorrow.
To quote the Fintech:
“Amid this week’s extraordinary circumstances in the market, we made a tough decision today to temporarily limit buying for certain securities. As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearinghouse deposits. Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment. These requirements exist to protect investors and the markets and we take our responsibilities to comply with them seriously, including through the measures we have taken today.
US Capitol riot: FBI investigating over 400 people stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
One Candidate Leaves Crowded Mayorâs Race. One From âHousewivesâ Joins.
Zach Iscol says heâll now run for comptroller, but there are still roughly 30 candidates seeking to replace Mayor Bill de Blasio.
Zach Iscol, a former Marine, considers Hillary Clinton to be a mentor.Credit.Jose A. Alvarado Jr. for The New York Times
Jan. 27, 2021
In the New York City mayoral race, where there are at least 30 declared candidates, if one of the lesser-known entrants drops out, will it make a ripple?
Zach Iscol hopes so.
Mr. Iscol is ending his long-shot bid for mayor, amid hopes that he can make more of an impact as a new candidate in the city comptrollerâs race.