On the other hand, IG — the UK’s largest brokerage said that they restricted trading in GME and other stocks “ due to extreme volatility”. M
eanwhile, Robinhood’s CEO said that the NCSS ordered Robinhood to secure $3 billion to fund the trading. However, traders didn’t accept the move and requested the SEC to open an investigation.
In conclusion, The Securities and Exchange Commission (SEC) said that it will investigate the online brokerages actions to see if there is any manipulative behavior.
Have a story you want USA Herald to cover? Submit a tip here and if we think it’s newsworthy, we’ll follow up on it.
Want to contribute a story? We also accept article submissions – check out our writer’s guidelines here.
