AOC and others call for investigation into Robinhood’s GameStop freeze
Rep. Alexandria Ocasio-Cortez (D-NY) called on Congress to investigate the Robinhood app after it banned small investors from buying stock in companies like GameStop. Over the last week, Reddit users have shorted the bemoaned video game retailer’s stock in what some are calling the “squeeze of a lifetime.”
In a Thursday tweet, Ocasio-Cortez called Robinhood’s decision to block retail investors from purchasing stock in companies like GameStop and Blackberry “unacceptable,” and that’d she’d “support a hearing if necessary.” Ocasio-Cortez is a member of the House Financial Services Committee, which has jurisdiction to oversee the stock market and “securities and exchanges” more broadly.
Sen. Ted Cruz (R-TX) retweeted her message, saying…