{"id":105891,"date":"2021-01-30T03:25:51","date_gmt":"2021-01-30T03:25:51","guid":{"rendered":"https:\/\/fin2me.com\/?p=105891"},"modified":"2021-01-30T03:25:51","modified_gmt":"2021-01-30T03:25:51","slug":"texas-attorney-general-probes-gamestop-trade-curbs-from-robinhood-others","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/texas-attorney-general-probes-gamestop-trade-curbs-from-robinhood-others\/","title":{"rendered":"Texas attorney general probes GameStop trade curbs from Robinhood, others"},"content":{"rendered":"<figcaption>FILE PHOTO: Texas Attorney General Ken Paxton speaks outside the U.S. Supreme Court after justices heard arguments in a challenge by 26 states over the constitutionality of President Barack Obama&#8217;s executive action to defer deportation of certain immigrant children and parents who are in the country illegally in Washington, D.C., U.S. April 18, 2016. REUTERS\/Joshua Roberts<\/figcaption><p>WASHINGTON (Reuters) &#8211; Texas Attorney General Ken Paxton issued 13 civil investigative demands on Friday to Robinhood, Discord, Citadel and other trading apps that put curbs on stock trading, his office said in a statement the day after those curbs stalled a rally in shares of GameStop.<\/p>\n<p>The CIDs, the civil equivalent of a subpoena, were sent following a week-long slugfest in which retail investors bid up shares of video game retailer GameStop and other out-of-favor companies, resulting in huge losses to big hedge funds that had shorted those stocks.<\/p>\n<p>On Thursday, GameStop shares fell after Robinhood and other trading apps imposed the limits, a move that angered many elected officials and prompted calls for action from regulators.<\/p>\n<p>\u201cThis apparent coordination between hedge funds, trading platforms, and web servers to shut down threats to their market dominance is shockingly unprecedented and wrong,\u201d Paxton said in a statement.<\/p>\n<p>The CIDs were sent to Discord, Robinhood Financial, Robinhood Markets, Robinhood Securities, Interactive Brokers, TD Ameritrade, TD Bank, E-Trade, WeBull Financial, Public Holdings, M1 Holdings, Citadel Financial, and Apex Clearing Corporation, Paxton\u2019s office said in a statement.<\/p>\n<p>(This story corrects headline to read \u2018GameStop\u2019)<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/retail-trading-robinhood-texas\/corrected-update-1-texas-atty-general-probes-gamestop-trade-curbs-from-robinhood-others-idUSL1N2K42UY\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: Texas Attorney General Ken Paxton speaks outside the U.S. Supreme Court after justices heard arguments in a challenge by 26 states over the [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":105890,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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