Brokerages limit trading in GameStop, sparking outcry - News Summed Up

Brokerages limit trading in GameStop, sparking outcry


Interactive Brokers also limited options trading in AMC, BlackBerry, Express, GameStop and Koss. AdvertisementThe frenzy surrounding shares of GameStop, AMC and others has drawn in an influx of investors with little or no experience trading stocks. That poses a challenge for brokerages that cater to small investors, said Andy Nybo, managing director at Burton-Taylor International Consulting. The company has forced huge, ground-shaking changes for the brokerage industry, such as its decision to charge zero commissions for customers trading stocks and exchange-traded funds. But there is some concern that small investors could face significant losses when and if stocks like GameStop plummet.


Source: Los Angeles Times January 28, 2021 16:18 UTC



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