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Vlad Tenev is likely to be made to explain his company's actions last week  The brokerage put limits on peoples' trading and sold some customers' shares That led to accusations it was in the tank for hedge funds that had bet against GameStop after their shares rose more than 1,600 percent  Maxine Waters, the California Democrat who is the powerful head of the House Financial Services Committee, is likely to call Tenev on February 18  It comes as the leader of the Reddit army that poured into GameStop is said to have lost $5 million on his bet today as shares in the retailer dropped 31% 

Robinhood had already been forced to raise $1 billion from shareholders And it had restricted the purchase of 50 stocks Friday; down to 8 Monday That came after clearing house NSCC demanded a $3 billion security deposit Last week's wild trading was driven by small investors on the message board Reddit, who took on hedge funds that had bet against shares of GameStop Small-time investors had driven a 1,600% rally in the shares of the game retailer   By closing bell Monday the market saw Gamestop's shares down nearly 31%  Now silver has become the latest example of the influence wielded by ...

The Reddit Army Bailout: Desperate Companies Get New Lifelines Bloomberg 1/31/2021 Davide Scigliuzzo and Katherine Doherty (Bloomberg) -- It’s the kind of rescue that the most indebted companies in America can only dream of: a fresh injection of cash that doesn’t hurt their already depressed stock price or load even more costly debt onto their balance sheet. Popular Searches Yet thanks to the army of day traders who use Reddit to tout and bid up out-of-favor stocks and squeeze short sellers, firms such as American Airlines Group Inc. and AMC Entertainment Holdings Inc. h...

So now the big hedge funds want mercy themselves? It's not likely to happen. After sending GameStop, AMC and other beleaguered stocks into the stratosphere, now investors on Reddit are talking about going after a really huge whale. The silver market is perfectly primed for an epic short squeeze, and a coordinated assault by retail investors could make it happen. The following is an excerpt from the post on the "WallStreetBets" Reddit subgroup that everyone is talking about... The silver futures market has oscillated between having roughly 100-1 and 500-1 ratio of paper traded silver to phy...

Robinhood and other retail brokerages took steps to tamp down the speculative frenzy surrounding companies such as GameStop, but the actions only sparked more volatility in the market and an outcry from users of the platforms and some members of Congress who say small investors are being treated unfairly. GameStop stock has rocketed from below $20 earlier this month to close around $350 Jan. 27 as a volunteer army of investors on social media challenged big institutions who had placed market bets that the stock would fall. The action was even wilder on Thursday: The stock swung between $112 a...