This change could help keep the GameStop fiasco from happening again
Part of what made last month’s GameStop trading frenzy such a mess: Right as the stock was hitting its peak, Robinhood and other brokerages placed restrictions on traders’ ability to buy it (and other surging “meme” stocks like AMC).
Many said the episode demonstrated that individual retail investors are at a disadvantage compared to hedge funds and other large Wall Street institutions.
Now, clearing firm The Depository Trust and Clearing Corporation (DTCC) which provides, basically, underlying infrastructure for equities markets has proposed shortening the settlement cycle for stock trades, which would reduce the likelihood of brokerages having to restrict trading during future periods of volatility.
White House Flounders at Left s Kids in Cages Rage: We Only Have a Couple of Choices breitbart.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from breitbart.com Daily Mail and Mail on Sunday newspapers.
Dr. Robert Smith is the Dean of the College of Public Affairs and Administration at the University of Illinois Springfield.
Commentary: As you know, I always try to link my commentaries to a theme and try to do so from a neutral or public affairs perspective that lies at the heart of the mission of my College. That theme today relates to our nationally renowned and much heralded graduate public affairs reporting program. But, it may take me a minute to get there!
On top of an ongoing COVID Pandemic, a still confusing response, a mixed up political world, and a new standard of truisms, and a terrible winter storm that we are only now emerging from. What more can happen?
Labor Rights Activists Say Minimum Wage Proposals From Manchin, Romney Aren t Living Wages msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Democratic senator Joe Manchin says he WILL vote for Biden s Interior pick Deb Haaland after throwing budget nominee Neera Tanden into jeopardy by refusing to back her over mean tweets
West Virginia Sen. Joe Manchin announced Wednesday he will vote to confirm Rep. Deb Haaland as Joe Biden s secretary of the Department of the Interior
Last week, he expressed doubt over whether he would vote to confirm
Manchin, who chairs the Energy and Natural Resources Committee, said Haaland proved in Tuesday s hearing her commitment to bipartisanship
If confirmed, New Mexico Democratic Rep. Haaland would make history as the first Native American to head a presidential cabinet agency