Item: 332484105313 Mass Effect Andromeda Series 1 Puzzle 750pc Gamestop Thinkgeek Bioware. Ships to: Americas & many other countries, The SEC's staff nevertheless said that improved reporting of short sales is another area worthy of further study, particularly if it will help regulators better track the market.Seller: wranglerangler82 ✉️ (4,507) 99.7%, Hedge funds as a group have been making money this year, including a 1.2% return in January during the throes of the meme mania, according to the HFRI Fund Weighted Composite index. But other hedge funds that had earlier bet on gains for GameStop's stock made profits, as did others who jumped into the upsurge. And when they bought GameStop shares to get out of their suddenly soured bets, the buying helped push the stock up even further. Some of those short sellers were indeed burned. In such a trade, a short seller borrows a share, sells it and then hopes to buy it back later at a lower price to pocket the difference. Those hedge funds did that by “shorting” the stock. San Antonio's Cava locations are now open.Phil' to discuss 'fat shaming' Miami party bus service Lindsey Graham told Republicans they 'ought to think about' getting a coronavirus vaccine.John Jay High School, other NISD schools put on lockdown after nearby shooting incident.San Antonio Zoo's 'first of its kind' jaguar bridge opens this weekend.Bill Miller Bar-B-Q family sells massive Southside property to Austin group.Heartbreaking Video of Young Girl Watching Fast-Food Worker Get Yelled at Goes Viral: 'I Am So Sorry You Have to Grow Up in This Mess'.They took aim at funds that had bet GameStop, a struggling video-game retailer, would see its price continue to fall. The report also raised questions about whether investors are getting the best execution on their trades when so many are getting routed to big trading firms instead of to exchanges like the Nasdaq or the New York Stock Exchange.Īnd, perhaps in a disappointment to some of the investors who piled into GameStop to punish the financial elite: The SEC's staff said it doesn't believe hedge funds were broadly affected by investments in GameStop and other meme stocks.ĭuring the run-up of GameStop's price, many people were bellowing on Reddit and other social media platforms that this was their chance to stick it to the hedge funds. During the height of the frenzy, several brokerages barred customers from buying GameStop after the clearinghouse that settles their trades demanded more cash to cover the increased risk created by its highly volatile price. The report also indicated the SEC could further scrutinize events that may cause a brokerage to restrict trading in a stock. They include topics that SEC Chair Gary Gensler has already cited in recent speeches, such as whether the way some brokerages make their money encourages them to push customers to trade more often than they should.
The report also didn't make any recommendations for changes to how the market is structured, but it pointed to several areas for further consideration. Many of the points in the report were already known, such as how the extremely heavy bets made by some hedge funds against GameStop's stock actually helped accelerate its extreme ascent, though they weren't the main driver. “At the same time, the trading in meme stocks during this time highlighted an important feature of United States securities markets in the 21st century: broad participation.” “The extreme volatility in meme stocks in January 2021 tested the capacity and resiliency of our securities markets in a way that few could have anticipated,” the report said.
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