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© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.GameStop mania severely tested market system, regulator says
By STAN CHOE NEW YORK©2024 GPlusMedia Inc.
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badsey3
This article doesn't mention the RobinHood traders that were locked out of their accounts and/or had sales of their GameStop holdings without their knowledge. -Eventually their was a settlement on this.
When you short sell you may need to buy those shares back. =If no shares are available (GameStop) the price can go way up. There was lots of begging by hedgefunds to find or borrow GameStop shares. You even saw a billionaire hedge fund manager crying on CNBC or Yahoo finance --I have never seen that before.
-Biggest issue beside the RobinHood Sec violations is probably the naked shortselling.