Robinhood lifts trading restrictions on all stocks, including GameStop
Online brokerage app Robinhood said on Thursday it features removed short-term trading restrictions about all stocks, including GameStop Corp and AMC Entertainment Holdings Inc, according to an update on its website.
Early in the day, Robinhood's internet site showed that the trading limit along GameStop's shares was place at 500, even while for AMC the limit was set at 5,500 shares.
Trading restrictions on additional stocks had been lifted on Wednesday.
The online broker, among the hottest venues in last week's retail-trading frenzy, had put temporary buying restrictions on several securities including Nokia, Express Inc, as clearing house-mandated deposit requirements for equities increased ten-fold.
GameStop's shares and others favored just lately by retail investors fell further on Thursday, even while US Treasury Secretary Janet Yellen vowed to safeguard investors, but also said financial marketplace regulators needed to grasp the recent trading frenzy before taking any action.
