The Reddit hordes were at it again Friday, once again bidding up shares of GameStop Corp. and warring with hedge funds by seeking out targets such as Siebert Financial Corp. and Twinkie maker Hostess Brands Inc.
Hours after Robinhood Markets said it received a cash infusion of more than $1 billion, having just angered legions of retail investors by imposing a raft of trading restrictions, the Securities and Exchange Commission said it would look to identify potential misconduct and review decisions by brokerages to curtail transactions on certain stocks.
The fallout also humbled one of Wall Street’s best known contrarians, Andrew Left, whose Citron Research announced it will no longer publish short-selling analysis after a two-decade run.
Robinhood fallout sweeps market after firm’s $1 billion lifeline
Annie Massa, Misyrlena Egkolfopoulou, Michelle F. Davis and Matthew Monks
Bloomberg
The Reddit hordes were at it again Friday, once again bidding up shares of GameStop Corp. and warring with hedge funds by seeking out targets such as Siebert Financial Corp. and Twinkie maker Hostess Brands Inc.
Hours after Robinhood Markets said it received a cash infusion of more than $1 billion, having just angered legions of retail investors by imposing a raft of trading restrictions, the Securities and Exchange Commission said it would look to identify potential misconduct and review decisions by brokerages to curtail transactions on certain stocks.
Keep quiet and protect your ticket
Your first instinct may be to broadcast the exciting news. Experts say that s not a great idea. Don t blab to people about it right away, except for your immediate and trusted family, Shagawat said.
Depending on where you live, you may be able to shield your identity from the public either by claiming the prize anonymously or via a trust. And the fewer people who know, the better, say experts.
Additionally, the standard advice is to sign the back of the winning ticket so that if you re separated from it, your signature could help ensure you still get the prize.