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SEC nominee Gensler vows GameStop review as Rocket shares soar

SEC nominee Gensler vows GameStop review as Rocket shares soar

(ATF) Gary Gensler, Biden’s nominee to lead the Securities and Exchange Commission (SEC), said at his Senate confirmation hearing on Tuesday March 2 that he would look into whether retail investors get the best prices when brokers are paid for their order flow.Gensler also said the SEC would explore issues …

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It’s back! GameStop shares double on renewed retail buying

It’s back! GameStop shares double on renewed retail buying

(ATF) GameStop shares more than doubled in afternoon trading on Wednesday February 24 in a surprise revival of buying interest after a frenzy of retail investor interest in the stock seemed to have peaked in late January.GameStop shares were up 60% after US trading hours at around $146, following a …

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GameStop hearing gives Trump loyalist a chance to attack Webull

GameStop hearing gives Trump loyalist a chance to attack Webull

(ATF) A US Congressional inquest into recent volatility in GameStop and other stocks popular with retail investors gave politicians a wider audience than usual for a committee hearing. Representative Lee Zeldin, a Republican backer of former president Trump, took the opportunity to attack Chinese-owned broker Webull and warn about dangers …

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China's Wanda converted AMC stock to facilitate Reddit buying spree

China's Wanda converted AMC stock to facilitate Reddit buying spree

(ATF) China's Wanda Group, the major shareholder in AMC Entertainment Holdings - a target of the recent retail frenzy by Reddit group WallStreetBets - said on February 8 it had conducted a share conversion to permit sales of its stock in the cinema operator.A US Securities and Exchange Commission filing …

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Reddit rally starts to fizzle as GameStop and silver slip

Reddit rally starts to fizzle as GameStop and silver slip

(ATF) A rally driven by retail investors coordinating on Reddit forums is fading, with GameStop and AMC stock plunging and silver retracing earlier gains. Asian stocks that benefited from the squeeze on hedge fund shorts, such as Top Glove, could also pull back.GameStop was down by 60% after the US …

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Asia braces for Reddit volatility as Citadel faces GameStop fallout

Asia braces for Reddit volatility as Citadel faces GameStop fallo

(ATF) Citadel Securities is making huge revenue gains from the boom in online stock trading but facing intense focus on its role as a market-maker from investors driving the volume. A rise in the price of silver in early Asian trading points to another week of Reddit-driven volatility.Billionaire Ken Griffin …

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Asia's army of small investors takes on short-sellers, GameStop style

Asia's army of small investors takes on short-sellers, GameStop style

(ATF) Asia's retail investors, emboldened by the meteoric rise of video-game retailer GameStop, are joining their online US counterparts and taking on short sellers and making their brokers nervous enough to cut off margin lending.In South Korea, small investors known as "ants" have borrowed so much money to dabble in …

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Robinhood sparks controversy with trading limits, Korean fund opts out

Robinhood sparks controversy with trading limits, Koreans opt out

(ATF) US online brokers such as Robinhood and Interactive restricted trading on Thursday in stocks that surged on the back of retail buying coordinated on Reddit. The move sparked controversy in the US, and came as it emerged South Korean fund MUST closed a long GameStop position.GameStop, the company whose …

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Top Glove joins Reddit surge as GameStop rebounds

Top Glove joins Reddit surge as GameStop rebounds

(ATF) Top Glove, the Malaysian latex glove maker, saw its stock rise over 8% on Friday January 29 after a Reddit forum called BursaBets pitched the firm as a successor to GameStop to rally. GameStop has seen another surge in overnight US dealing after Robinhood relaxed limits on trading.GameStop stock …

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Asia could be next as Reddit squeeze on hedge-fund shorts goes global

Asia could be next as Reddit squeeze on hedge fund shorts goes global

(ATF) Retail traders who take a cue from Reddit’s “Wallstreetbets” thread made further gains against short-selling hedge funds Citron and Melvin on Wednesday January 27, but US regulators may clamp down on trading posts on social media.The success of this week’s retail assault on short positions in GameStop has prompted …

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