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Wall Street Reins In Hedge Funds Short Bets on Meme Stocks

(Bloomberg) Wall Street’s top brokers are quietly tightening their rules for who can bet against retail traders’ most-popular meme stocks.Goldman Sachs Group Inc., Bank of America Corp., Citigroup Inc. and Jefferies Financial Group Inc. are among firms that have adjusted their risk controls at prime-brokerage operations, according to people familiar with the moves. The banks are trying to protect themselves against fallout from extreme surges and dips that have characterized trading in compan

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