Ocasio-Cortez Urges Scrutiny of Robinhood Curbs on GameStop
- New York Democrat called trading restrictions ‘unacceptable’
- GameStop’s gyrating share price draws attention in Washington
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Representative Alexandria Ocasio-Cortez assailed the trading curbs imposed on GameStop Corp. by Robinhood Markets Inc. and other platforms, saying the restrictions on high-flying stocks demand closer scrutiny from U.S. regulators and Congress.
The New York Democrat, a top voice in the progressive movement and a member of the House Financial Services Committee, said in a series of tweets that she would favor holding hearings on restrictions affecting stocks such as the video-game retailer GameStop, which fell as much as 68% Thursday after curbs were imposed.