霍利: Gamestop, Robinhood saga shows ‘the fix is inon Wall Street

霍利: Gamestop, Robinhood saga shows 'the fix is in' on Wall Street

它的. 乔什·霍利, R-Mo。, 说 “fix is inwhen it comes to 华尔街, 认为 Gamestop stock surge shows that hedge funds do not wantreal competitionfrom small investors.

New York Attorney General Letitia James announced she is looking into recent activity on Robinhood after the trading platform restricted trading of certain securities 星期四, resulting in multiple 诉讼 against the company.

WHITE HOUSE REFUSES TO ADDRESS GAMESTOP CONTROVERSY

We are aware of concerns raised regarding activity on the Robinhood app, including trading related to the GameStop stock,” James said in a statement. “We are reviewing this matter.

Robinhood and other trading platforms announced Thursday that they were restricting 贸易 for a handful of securities that have exploded in value this week, including GameStop, AMC, BlackBerry, Tootsie Roll, Trivago, 和别的. The stock surges were fueled by Reddit users buying stocks that they saw as over-shorted.

FOX业务’ Charlie Gasparino also reported Thursday that the SEC is looking into a potential market manipulation case involving the surge of GameStop stock and the Reddit forum WallStreetBets, where retail investors discussed the massive short squeeze.

Hawley said Friday on “狐狸 & 友人” that more scrutiny was devoted to this situation than to some of the firms that caused the financial crash in 2008.

它的. JOSH HAWLEY: “What we’ve seen I think with this GameStop meltdown that Wall Street is having now is that these folks at home, these day traders, retail investors, they got more criticism and more scrutiny than the people who single-handedly crashed the entire financial market in 2008, and they got bailed out! The government bailed out all of those people. I mean it really shows you that the fix is in.

现在, the big hedge funds they don’t want any real competition. They’re fine if these day traders do what they’re told, 你懂, do what they’re supposed to do, but when they get ideas of their own and they bet against Wall Street? Well my gosh, then they’re a threat, then they need to be shut down.

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I just think this shows you that just like we got this concentration of power, in so many industries, the tech companies, on Wall Street too, the big banks, the big hedge funds, they don’t want the competition, they want to be in control.

FOX业务’ Paul Best contributed to this report.

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