{"id":105626,"date":"2021-01-27T19:18:39","date_gmt":"2021-01-27T19:18:39","guid":{"rendered":"https:\/\/fin2me.com\/?p=105626"},"modified":"2021-01-27T19:18:39","modified_gmt":"2021-01-27T19:18:39","slug":"td-ameritrade-curbs-gamestop-trades-as-frenzy-snags-brokers","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/td-ameritrade-curbs-gamestop-trades-as-frenzy-snags-brokers\/","title":{"rendered":"TD Ameritrade Curbs GameStop Trades as Frenzy Snags Brokers"},"content":{"rendered":"
Wednesday\u2019s retail trading crush sent online brokerages reeling, with several sites reporting disruptions and glitches and one even limiting trades of hot stocks.<\/p>\n
Charles Schwab Corp. was among those hit by service disruptions as traders were transfixed by wild swings in shares of heavily shorted stocks such as GameStop Corp. and AMC Entertainment Holdings Inc. Robinhood Markets, Morgan Stanley\u2019s E*Trade and Fidelity were also affected, according to Downdetector.com, which tracks user complaints.<\/p>\n
Schwab\u2019s TD Ameritrade took the rare step of limiting some transactions on shares of GameStop, AMC and others. The firm said high volume may have curtailed access to its mobile app and urged clients to use its other platforms.<\/p>\n
\u201cWe made these decisions out of an abundance of caution amid unprecedented market conditions<\/span> and other factors,\u201d TD Ameritrade spokeswoman Margaret Farrell said in an email.<\/p>\n Robinhood said it managed to resolve problems with its web app, while Schwab said some clients were struggling with online trading because of a technical issue.<\/p>\n Read more: GameStop Rally Hits New Extremes as Short Sellers Surrender<\/p>\n Schwab clients were experiencing trouble amid \u201cheightened trading across the market,\u201d spokeswoman Mayura Hooper said in an email.<\/p>\n Spokeswomen for Schwab and Fidelity said the companies had resolved the issues with their platforms. E*Trade declined to comment.<\/p>\n