Massachusetts securities regulators have issued a subpoena seeking the testimony of a YouTube streamer who helped drive a surge of interest in GameStop Corp as part of a review of his registration, including his "outside business activities," an official said on Wednesday.
U.S. video game retailer GameStop Corp decided it could not seize on the Reddit-fueled rally in its shares to sell hundreds of millions of dollars worth of stock because of regulatory restrictions, according to three people familiar with the matter.
Federal prosecutors and regulators are investigating whether "market manipulation or other types of misconduct" led to a meteoric rise in shares of companies such as GameStop and AMC, the Wall Street Journal reported on Thursday.
U.S. video game retailer GameStop Corp decided it could not seize on the Reddit-fueled rally in its shares to sell hundreds of millions of dollars worth of stock because of regulatory restrictions, according to three people familiar with the matter.
Executives from Robinhood, Melvin Capital and Citadel Securities are expected to testify before a House panel at a Feb. 18 hearing exploring trading turmoil in GameStop Corp and related stocks, said two sources familiar with the matter.