TD Blocks Some Trades on GameStop, AMC
January 27 2021 - 3:46PM
Dow Jones News
By Geoffrey Rogow and Dawn Lim
With Wednesday's chaos ratcheting up, TD Ameritrade told
customers that the firm was blocking some trades on GameStop, AMC
Entertainment Holdings and certain securities.
"We made these decisions out of an abundance of caution amid
unprecedented market conditions and other factors," read a
notification to clients when they logged into their accounts.
It was part of a broader struggle as brokerages cope with
unprecedented trading volumes and options bets in hot stocks.
This item is part of a Wall Street Journal live coverage event.
The full stream can be found by searching P/WSJL (WSJ Live
Coverage).
(END) Dow Jones Newswires
January 27, 2021 15:31 ET (20:31 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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