All posts by: r4ibom

by in Uncategorized

Key Words: We were ‘dangerously close’ to collapse of ‘entire system,’ says Interactive Brokers founder ahead of GameStop hearing

Thomas Peterffy, founder and chairman of Interactive Brokers Group Inc., on Wednesday explained the dire situation in which the market stood in late January as individual investors on social-media platforms were banding together to send a handful of heavily shorted stocks dramatically higher.

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Capitol Report: Before Congress, Robinhood CEO Vlad Tenev to reject accusation that app encourages reckless trading

Vlad Tenev, co-CEO of the online broker Robinhood, will defend his company’s decision in late January to temporarily restrict trading in so-called meme stocks, including GameStop Inc., and push back against allegations that the app’s features encourage investors to buy and sell stocks too frequently or invest in often risky options trading.

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