【Youth Daily】 The aftermath of the US Game Stop crisis is shifting to the political world.
Senator Elizabeth Warren (Democratic Massachusetts), who is called’the grim reaper of Wall Street’, sent a letter to the CEO of Robin Hood’s free stock app, Robin Hood, to trade in some stocks, including GameStop. Demanded clarification of restrictions.
Robin Hood has won ants’ anger by restricting individual investors from trading the stock after the stock price of some stocks such as Gamestop surged last week.
Institutional investors were even suspicious of helping hedge funds that suffered enormous losses from the short sale of GameStop in that they were able to freely trade the stock.
According to CNBC Broadcasting, Congressman Warren reprimanded in a letter that “Robin Hood has a responsibility to treat investors honestly and fairly, and to provide market access in accordance with transparent and consistent regulations.”
“It is very worrisome that this company may not have done that,” said Warren, a member of the Senate Banking Committee.
He also commented on the company’s enforcement proceedings in at least 18 lawsuits filed last week over Robin Hood’s transaction restrictions, he said, “Investors affected by Robin Hood’s transaction restrictions should be able to speak in court. Criticized.
Congressman Warren’s letter was released the day Robin Hood increased the purchase limit for individual investors in GameStop to 100 shares. Until the day before, Robin Hood limited purchases for less than 4 weeks per person.
Robin Hood explained that the price volatility of some stocks, such as GameStop, was so great that stock margins that had to be deposited with financial authorities were soaring that they were forced to restrict trading.
However, as Robin Hood is a company that relies on investment funds from large institutional investors, some are raising suspicion that their influence has limited the purchase of ants. On this day, the stock price of GameStop fell more than 60% during the day, continuing a sharp decline for two consecutive days.
【Youth Daily = Reporter Kang Jeong-wook】
