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19 September 2021
13:33 hour

U.S. SEC will publish GameStop post-mortem 'shortly,' Gensler says. https://www.reuters.com/business/finance/us-sec-chief-takes-broad-aim-financial-industry-senate-hearing-2021-09-14/

Reddit Stock Market

14/09/2021 - 22:55

  submitted by   /u/LTGMEDC [link]   [comments]


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Related headlines:

  1. Capitol Report: Experts to take aim at Robinhood model during GameStop Senate hearing (08/03/2021 - Market Watch)
    Washington will keep the spotlight on Robinhood and other zero-commission brokers when the Senate Banking Committee holds a hearing on GameStop saga Tuesday at 10 a.m. Eastern, with expert witnesses set to warn of the dangers of financial speculation.
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  2. : Gensler defends SEC crypto policy before Senate against charges of lack of ‘clarity’ (14/09/2021 - Market Watch)
    Securities and Exchange Chairman Gary Gensler defended the agency's approach to enforcing securities laws against companies that deal in cryptocurrencies and other digital assets during a hearing Tuesday before the Senate Banking Committee.
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  3. [Discussion] US Senate Hearing: Who Wins on Wall Street? GameStop, Robinhood, and the State of Retail Investing (09/03/2021 - Reddit Stocks)
    For discussion on the US Senate Committee on Banking, Housing, and Urban Affairs' hearing: Who Wins on Wall Street? GameStop, Robinhood, and the State of Retail Investing THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet REMOTELY to conduct a hearing entitled, “Who Wins on Wall Street? GameStop, Robinhood, and the State of Retail Investing.” The witnesses will be: Professor Gina-Gail S. Fletcher, Professor of Law, Duke University School of Law; Ms. Rachel J. Robasciotti, Founder & CEO, Adasina Social Capital; Dr. Teresa Ghilarducci, Bernard L. and Irene Schwartz Professor of Economics, The New School; The Honorable Michael S. Piwowar, Executive Director, Milken Institute Center for Financial Markets; and Mr. Andrew N. Vollmer, Senior Affiliated Scholar, Mercatus Center. Pursuant to guidance from the CDC and OAP, Senate office buildings are not open to the public other than official business visitors and credentialed press at this time. Accordingly, in-person visitors cannot be accommodated at this hearing. We encourage the public to utilize the Committee’s livestream of the hearing, available on the website at http://www.banking.senate.gov. All hearings are webcast live and will not be available until the hearing starts. Individuals with disabilities who require an auxiliary aid or service, including closed captioning service for webcast hearings, should contact the committee clerk at 202-224-7391 at least three business days in advance of the hearing date.   submitted by   /u/iamPause [link]   [comments]
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  4. Capitol Report: Senate probes Robinhood business model at GameStop hearing (09/03/2021 - Market Watch)
    The Senate Banking Committee began its public probe of the GameStop saga on Tuesday, with Democrats and Republicans staking out opposing positions on the value and dangers of a new retail trading landscape characterized by firms like Robinhood that offer no-commission trades and easy-to-use smartphone applications.
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  5. Capitol Report: SEC chief warns of growing monopoly power among market makers, retail brokers at GameStop hearing (06/05/2021 - Market Watch)
    Chairman of the Securities and Exchange Commission Gary Gensler warned lawmakers that growing concentration in the securities wholesaling and brokerage industries could lead to market "fragility," and increased costs for retail and institution investors during a hearing before the House Financial Services Committee Thursday.
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  6. Capitol Report: Senate confirms Gary Gensler as SEC chairman (14/04/2021 - Market Watch)
    The Senate confirms Gary Gensler as chairman of the Securities and Exchange Commission, paving the way for what could be an ambitious financial regulatory agenda under President Joe Biden.
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  7. Washington Watch: Critics fear SEC’s Gensler is seeking ‘unlimited powers’ in crypto regulation (16/09/2021 - Market Watch)
    Securities and Exchange Commission Chairman Gary Gensler ruffled feathers in the cryptocurrency community when he declined rule out regulating stablecoins as securities during a hearing before the Senate Banking Committee on Tuesday, but stablecoin issuers will have larger regulatory headaches than the SEC if reformers get their way.
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  8. Capitol Report: Gary Gensler signals support for climate, workforce diversity disclosure requirements in confirmation hearings (02/03/2021 - Market Watch)
    President Joe Biden's nominees to lead the Securities and Exchange Commission and the Consumer Financial Protection Bureau faced tough questions from the Senate Banking Committee during their confirmation hearing Tuesday.
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  9. Anyone see a pattern? ... (18/06/2021 - Reddit Stock Market)
    https://www.fool.com/investing/2021/03/21/forget-gamestop-sundial-growth-stocks-triple-money/ https://www.fool.com/investing/2021/06/05/forget-gamestop-these-tech-stocks-are-better-buys/ https://www.fool.com/investing/2021/03/13/forget-gamestop-this-investment-can-make-you-rich/ https://www.fool.com/investing/2021/01/27/forget-gamestop-buy-this-value-stock-instead/ https://www.fool.com/investing/2021/06/07/forget-amc-and-gamestop-consider-this-low-risk-for/ https://www.fool.com/investing/2021/02/03/forget-gamestop-this-reddit-stock-was-a-bigger-win/ https://www.fool.com/investing/2021/01/30/forget-gamestop-these-3-growth-stocks-will-deliver/ https://www.fool.com/investing/2021/02/03/forget-gamestop-these-tech-stocks-are-better-buys/ https://www.fool.com/investing/2021/03/19/forget-amc-and-gamestop-this-stock-could-double-yo/ You can say to forget Gamestop as much as you want. It's not gonna happen...   submitted by   /u/too_techie [link]   [comments]
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  10. : GameStop board on the hunt for a new CEO: report (13/04/2021 - Market Watch)
    GameStop Corp. is looking for a new chief executive, just two years after hiring its current leader, Reuters reported Monday.
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  11. Capitol Report: Wall Street CEOs struggle to respond as Senate Democrats voice frustrations about U.S. economic trends (26/05/2021 - Market Watch)
    The highly-anticipated Senate hearing Wednesday showed that Democrats have worries about broad economic trends that go beyond the scope of what big banks CEOs really wanted to talk about.
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  12. Top Stocks discussed on /r/Stocks (21/06/2021 - Reddit Stocks)
    link to the post : https://i.imgur.com/KkgUKqM.png With popcorn and tweets, AMC's Aron rides retail investor wave : https://economictimes.indiatimes.com/markets/stocks/news/with-popcorn-and-tweets-amcs-aron-rides-retail-investor-wave/articleshow/83197115.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst GameStop (GME) to Post Q1 Earnings: What Awaits the Stock ? : https://finance.yahoo.com/news/gamestop-gme-post-q1-earnings-144602217.html Nvidia CEO Talks about ARM Merger, $100M U.K. Supercomputer; Stock Rises 5% : https://finance.yahoo.com/news/nvidia-ceo-talks-arm-merger-122826052.html   submitted by   /u/Mr_XooX [link]   [comments]
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  13. Capitol Report: SEC’s Gensler hints at new rules aimed at Robinhood, Citadel following GameStop saga (05/05/2021 - Market Watch)
    Securities and Exchange Commission Chairman Gary Gensler has directed staff at the agency to prepare for potential new rulemaking and enforcement actions related to the recent short squeeze of shares in GameStop Inc. and other so-called meme stocks, which could affect app-based stock brokers and the market makers that execute a growing share of retail trades in America.
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  14. : Here’s Jim Cramer’s theory of the emerging strategy at GameStop as its chief financial officer exits (25/02/2021 - Market Watch)
    Apart from the wild stock-price moves, GameStop does have an underlying business, and it's clear that the videogames retailer is trying to change direction.
    [visit article]
  15. : Here’s Jim Cramer’s theory of the emerging strategy at GameStop as its chief financial officer exits (25/02/2021 - Market Watch)
    Apart from the wild stock-price moves, GameStop does have an underlying business, and it's clear that the videogames retailer is trying to change direction.
    [visit article]
  16. NewsWatch: Here’s Jim Cramer’s theory of the emerging strategy at GameStop as its chief financial officer exits (25/02/2021 - Market Watch)
    Apart from the wild stock-price moves, GameStop does have an underlying business, and it's clear that the videogames retailer is trying to change direction.
    [visit article]
  17. Capitol Report: Robinhood business model under fire at GameStop hearing in Congress (17/03/2021 - Market Watch)
    Democrats took aim at aspects of zero-commission broker Robinhood at a House Financial Services Committee hearing Monday, calling on regulators to consider banning the practice of payment for order flow and to reign in so-called gamification features of the app which critics say encourage users to trade more frequently than is financially wise.
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  18. Netlist vs google (patent litigation). 06/16/2021 144 ORDER SETTING DISCOVERY HEARING; ORDER TO MEET AND CONFER AND FILE JOINT LETTER. Signed by Chief Magistrate Judge Joseph C. Spero on 6/16/2021 (17/06/2021 - Reddit Stock Market)
    06/16/2021 144 ORDER SETTING DISCOVERY HEARING; ORDER TO MEET AND CONFER AND FILE JOINT LETTER. Signed by Chief Magistrate Judge Joseph C. Spero on 6/16/2021. Discovery Hearing re 135 Joint Discovery Letter Brief to Judge Spero filed by Netlist, Inc., set for 6/25/2021 09:30 AM in San Francisco, - Videoconference Only before Chief Magistrate Judge Joseph C. Spero. This proceeding will be held via a Zoom webinar. Webinar Access: All counsel, members of the public, and media may access the webinar information at https://www.cand.uscourts.gov/jcs General Order 58. Persons granted access to court proceedings held by telephone or videoconferen ce are reminded that photographing, recording, and rebroadcasting of court proceedings, including screenshots or other visual copying of a hearing, is absolutely prohibited. Zoom Guidance and Setup: https://www.cand.uscourts.gov/zoom/. (klhS, COURT STAFF) (Filed on 6/16/2021) (Entered: 06/16/2021)   submitted by   /u/Tomkila [link]   [comments]
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  19. : GameStop hearing challenges assumptions about rookie investors — ‘Retail investors making up this new surge are different’ (18/02/2021 - Market Watch)
    Robinhood CEO Vlad Tenev discussed average account sizes and user demographics during a congressional hearing on GameStop's rise and fall.
    [visit article]
  20. NewsWatch: GameStop hearing challenges assumptions about rookie investors — ‘Retail investors making up this new surge are different’ (18/02/2021 - Market Watch)
    Robinhood CEO Vlad Tenev discussed average account sizes and user demographics during a congressional hearing on GameStop's rise and fall.
    [visit article]
  21. : Senate hearing on app stores puts Apple, Google under regulatory spotlight (21/04/2021 - Market Watch)
    In a contentious hearing before the Senate Judiciary's Subcommittee on Competition Policy, Antitrust, and Consumer Rights, representatives from Apple Inc. and Google parent Alphabet Inc. were tenderized for the wide-ranging powers of the App Store and Google Play Store digital-distribution platforms.
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  22. : Crypto has ‘no border or boundaries,’ SEC’s Gensler tells European regulators (01/09/2021 - Market Watch)
    U.S. Securities and Exchange Chairman Gary Gensler reached out to European lawmakers Wednesday with a request for collaboration on issues ranging from cryptocurrency regulations to disclosure rules on risks related to climate change, during a European Parliament committee hearing on economic and monetary affairs.
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  23. GameStop shares soar more than 100% amid CFO resignation (25/02/2021 - Reddit Stock Market)
    GameStop announced Tuesday that its chief financial officer Jim Bell will resign on March 26. Sources familiar with the matter told Business Insider that Bell did not leave willingly, but was pushed out by Ryan Cohen, co-founder of Chewy and GameStop board member. GameStop was embroiled in an epic short squeeze last month. Shares of GameStop surged more than 100% on Wednesday as investors poured into the brick-and-mortar retailer amid a C-suite shake-up. Shares were halted with less than 30 minutes left in the trading day and the stock ended the day up 103.9%. Shares of GameStop rose another 83% in after hours trading on Wednesday. GameStop announced Tuesday that its chief financial officer Jim Bell will resign on March 26. “Mr. Bell’s resignation was not because of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices, including accounting principles and practices,” the company said in a filing with the Securities and Exchange Commission Source: CNBC   submitted by   /u/DuPapai [link]   [comments]
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  24. SEC Chair Gensler defends Reddit, GameStop investors’ right to ‘smash’ short sellers (16/09/2021 - Reddit Stocks)
    Washington’s top stock market cop is showing no appetite to crack down on the behavior of millions of retail investors who use forums on Reddit and other social media platforms to coordinate investment strategies, sometimes at the expense of established Wall Street short sellers. During a Wednesday interview, CNBC’s Jim Cramer asked U.S. Securities and Exchange Commission chair, Gary Gensler, whether the SEC should step in to prevent a coordinated effort by Reddit investors to “smash” short sellers who bet against popular meme stocks like GameStop Corp. GME, 2.74% and AMC Entertainment Holdings Inc. AMC, 2.20% “If three hedge fund members work in concert to smash a short hedge fund, the 5 million Reddit people would say that’s legal, but perhaps it shouldn’t be,” Cramer said. “If 5 million people decide to smash a hedge fund that’s short, is that ok? What’s within the bounds of what you can do to smash a short seller?” “People come on your show and they advocate either to buy or sell a security,” Gensler said. “Before we had television, people did it on the radio, now we have various social media platforms. That’s not only free speech, but it’s part of what makes our capital markets robust, that people can disagree and disagree using the media of the day. But I also think we do police the markets for fraud, manipulation, for pump-and-dump schemes and the like.” https://www.marketwatch.com/story/sec-chair-gensler-defends-reddit-gamestop-investors-right-to-smash-short-sellers-11631718972?mod=home-page   submitted by   /u/mikeyrocksin2021 [link]   [comments]
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  25. Senate confirms Gary Gensler as SEC chairman (14/04/2021 - Seeking Alpha)

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  26. : Bipartisan infrastructure bill looks set to pass Senate without changes sought by crypto advocates (09/08/2021 - Market Watch)
    A $1 trillion bipartisan infrastructure bill appears on track to pass the Senate shortly without changes sought by the cryptocurrency industry's supporters, although one key senator said he expects the Treasury Department could issue guidance that will help.
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  27. TaxWatch: Tax cheats cost the U.S. far more than previously thought — and cryptocurrency is part of the problem, IRS commissioner says (13/04/2021 - Market Watch)
    'We do get out-gunned,' IRS commissioner Charles Rettig said at a Senate Finance Committee hearing.
    [visit article]
  28. Patent litigation between netlist and google (alphabet) (17/06/2021 - Reddit Stocks)
    06/16/2021 144 ORDER SETTING DISCOVERY HEARING; ORDER TO MEET AND CONFER AND FILE JOINT LETTER. Signed by Chief Magistrate Judge Joseph C. Spero on 6/16/2021. Discovery Hearing re 135 Joint Discovery Letter Brief to Judge Spero filed by Netlist, Inc., set for 6/25/2021 09:30 AM in San Francisco, - Videoconference Only before Chief Magistrate Judge Joseph C. Spero. This proceeding will be held via a Zoom webinar. Webinar Access: All counsel, members of the public, and media may access the webinar information at https://www.cand.uscourts.gov/jcs General Order 58. Persons granted access to court proceedings held by telephone or videoconferen ce are reminded that photographing, recording, and rebroadcasting of court proceedings, including screenshots or other visual copying of a hearing, is absolutely prohibited. Zoom Guidance and Setup: https://www.cand.uscourts.gov/zoom/. (klhS, COURT STAFF) (Filed on 6/16/2021) (Entered: 06/16/2021)Any info on the netlist vs google case   submitted by   /u/Tomkila [link]   [comments]
    [visit article]
  29. High-Quality Articles - Investing & Finance (05/07/2021 - Reddit Stock Market)
    Hi All :) As a fellow investor, I wanted to share a resource with you that I've been working on. It's a website which features in-depth yet enjoyable articles on a breadth of topics in investing and finance. www.lucid-finance.com It's early days, but we have articles on: GameStop, the Psychology of Investing, High-Frequency Trading, Accounting, etc. I am trying hard to circulate the blog because I want as many people as possible to derive value from it! I publish an article once a week, and there's no email spam if you subscribe. Just clean, high-quality articles, delivered weekly. Going forward, we will aim to explain the most important (and often complex) developments in finance! There are also guest contributions from professionals in the field of finance (PMs, VCs, etc.). I've got big plans and would love your feedback/subscription! Thank you :) www.lucid-finance.com   submitted by   /u/Drskeptical91 [link]   [comments]
    [visit article]
  30. High-Quality Articles - Investing & Finance (05/07/2021 - Reddit Stocks)
    Hi All :) As a fellow investor, I wanted to share a resource with you that I've been working on. It's a website which features in-depth yet enjoyable articles on a breadth of topics in investing and finance. www.lucid-finance.com It's early days, but we have articles on: GameStop, the Psychology of Investing, High-Frequency Trading, Accounting, etc. I am trying hard to circulate the blog because I want as many people as possible to derive value from it! I publish an article once a week, and there's no email spam if you subscribe. Just clean, high-quality articles, delivered weekly. Going forward, we will aim to explain the most important (and often complex) developments in finance! There are also guest contributions from professionals in the field of finance (PMs, VCs, etc.). I've got big plans and would love your feedback/subscription! Thank you :) www.lucid-finance.com   submitted by   /u/Drskeptical91 [link]   [comments]
    [visit article]
  31. Brigadier Announces Appointment of New CFO and Corporate Secretary (09/06/2021 - Reddit Stock Market)
    TSXV: BRG FSE: B7LM USA: BGADF Brigadier Gold Limited, is pleased to announce, subject to approval by the TSX Venture Exchange, that Ms. Heidi Gutte of Lichtenwald Professional Corp. has been appointed as Chief Financial Officer and Corporate Secretary of the Company. Ms. Gutte is an Accounting and Finance Professional with over 15 years of experience in Canada and Europe, including nearly 10 years working as a senior finance professional in publicly traded companies. She specializes in providing corporate finance, financial reporting, consulting, taxation, and other accounting services. Ms. Gutte succeeds Mr. Matthew Wright as Chief Financial Officer and Mrs. Leah Hodges as Corporate Secretary. Find the release here at:https://ca.finance.yahoo.com/news/brigadier-announces-appointment-cfo-corporate-130000552.html ​ Stay safe, this is not financial advice!!   submitted by   /u/GeneGriffingy2 [link]   [comments]
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  32. Netflix Inc (NFLX) Q2 2021 Earnings Call (21/07/2021 - AlphaStreet)
    Netflix Inc  (NASDAQ: NFLX) Q2 2021 earnings call dated Jul. 20, 2021 Corporate Participants: Spencer Wang — Vice President, Finance/Investor Relations and Corporate Development Spencer Neumann — Chief Financial Officer Ted Sarandos — Co-Chief Executive Officer and Chief Content Officer Reed Hastings — Founder and Co-Chief Executive Officer Greg Peters — Founder, Chief Operating Officer and Chief Product Officer Spencer Wang — Vice President, Finance/Investor Relations and Corporate Development Analysts: Nidhi Gupta — Fidelity — Analyst _________ To read the full earnings call transcript, click here The post Netflix Inc (NFLX) Q2 2021 Earnings Call first appeared on AlphaStreet.
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  33. Capitol Report: Robinhood-GameStop saga could put spotlight on DC, Wall Street revolving door (08/02/2021 - Market Watch)
    As the financial services industry prepares for congressional scrutiny following the public outcry related to online broker Robinhood's decision to restrict trading of GameStop Inc. and other stocks, the perception of a cozy relationship between financial regulators and the industry could once again come to the fore.
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  34. Video: Goldman Sachs CEO Lloyd Blankfein Senate Hearing After The 2008 Financial Crisis (27/04/2021 - Reddit Stock Market)
      submitted by   /u/fnbpodcast [link]   [comments]
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  35. Netflix, Inc. (NFLX) Q1 2021 Earnings Call (21/04/2021 - AlphaStreet)
    Netflix, Inc. (NASDAQ: NFLX) Q1 2021 earnings call dated Apr. 20, 2021 Corporate Participants: Spencer Wang — Vice President, Finance/Investor Relations & Corporate Development Spencer Neumann — Chief Financial Officer Reed Hastings — Founder and Co-Chief Executive Officer Greg Peters — Chief Operating Officer and Chief Product Officer Ted Sarandos — Co-Chief Executive Officer and Chief Content Officer Analysts: Nidhi Gupta — Fidelity Management & Research Co. — Analyst _________ To read the full earnings call transcript, click here The post Netflix, Inc. (NFLX) Q1 2021 Earnings Call first appeared on AlphaStreet.
    [visit article]
  36. LINE NOW: SEC Chair Gary Gensler Testifying Before The Senate (14/09/2021 - Reddit Stock Market)
      submitted by   /u/MyFunGa [link]   [comments]
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  37. Head of NYSE confirms use of Dark Pools for Meme Stocks (17/06/2021 - Reddit Stocks)
    The prices of so-called meme stocks may be distorted because the majority of trades in those names are executed away from public exchanges where share price formation occurs, the head of the New York Stock Exchange said on Wednesday. “Meme stocks,” which often start as low-priced, highly shorted stocks that users of online forums such as Reddit’s WallStreetBets rally behind, are some of the most heavily traded and volatile shares on any given day. Shares of companies like video game retailer GameStop Corp (GME.N) and theater chain operator AMC Entertainment (AMC.N) have whipsawed this year, with GameStop having rallied more than 1,600% in January alone, prompting trading halts by some brokers and sparking Congressional and regulatory hearings. "In some of the meme stocks that we've seen, or stocks that have a high level of retail participation, the vast majority of order flow can trade off of exchanges, which is problematic," said Stacey Cunningham, president of Intercontinental Exchange Inc's (ICE.N) NYSE. "That price formation is not really reflective of what supply and demand is," she said at a conference hosted by CNBC. Retail trading surged during the coronavirus pandemic, helped by a shift by retail brokerages to commission-free trading, with individual traders now responsible for around 35% of market volume, up from 20% pre-pandemic. In meme stocks, individual traders contribute as much as 70% of the volume, Cunningham said. The majority of retail orders bypass exchanges because of an arrangement called payment for order flow, in which retail brokerages sell their customers' marketable orders to wholesale brokers. The wholesalers match the orders internally, trying to profit off of the bid-ask spread, while offering retail traders the best market price or better. Retail brokers say payment for order flow lowers overall costs for individual traders. But the practice raises conflict of interest questions and will be included in a broad review of stock market rules, Gary Gensler, chair of the U.S. Securities and Exchange Commission, said last week. The review will also examine whether off-exchange trading - which is about 50% of the market when institutional block trades are included - distorts the price discovery mechanism for stocks, Gensler said. https://www.reuters.com/business/meme-stock-prices-may-not-properly-reflect-demand-nyse-president-2021-06-16/   submitted by   /u/nams0 [link]   [comments]
    [visit article]
  38. Senate Democrats float taxes on stock buybacks, plastics to pay for spending plan, plastics to pay for spending plan (03/09/2021 - Reddit Stocks)
    Senate Finance Committee Democrats are looking at several tax options for paying for their social-spending bill that have not been previously proposed by the White House, including taxes on stock buybacks and materials used to make single-use plastics, according to a document obtained by The Hill. The document comes as Democrats are in the process of crafting legislation that is expected to include up to $3.5 trillion in spending https://thehill.com/policy/finance/570754-senate-democrats-float-taxes-on-stock-buybacks-plastics-to-pay-for-spending   submitted by   /u/BurnerBurnerBurns20 [link]   [comments]
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  39. MAXD - lawsuit on Google hearing soon (12/02/2021 - Reddit Stock Market)
    https://www.maxd.audio/ https://www.marketscreener.com/quote/stock/MAX-SOUND-CORPORATION-25805107/news/Max-Sound-Corporation-Google-Lawsuit-Next-Hearing-32048042/ https://www.youtube.com/watch?v=WRhxF0e8v3Q So MAXD has a pending lawsuit on google since 2016, google had offered a settlement which was turned down by MAXD, subsequently google has requested numerous extensions and the courts of have issued a final hearing in April 2021. This was found on a few posting online, MAXD has shot up > 140% today so far on 2/12/21 @ 1pm, please do your own DD, in my opinion MAXD is worth a look.   submitted by   /u/prashants17 [link]   [comments]
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  40. Yahoo Finance | GameStop ($GME) Outpaces Stock Market Gains: What You Should Know (25/05/2021 - Reddit Stocks)
    https://finance.yahoo.com/news/gamestop-gme-outpaces-stock-market-214509999.html GameStop (GME) closed the most recent trading day at $180.01, moving +1.82% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.99%. Prior to today's trading, shares of the video game retailer had gained 16.94% over the past month. This has outpaced the Retail-Wholesale sector's loss of 3.17% and the S&P 500's loss of 0.26% in that time. Investors will be hoping for strength from GME as it approaches its next earnings release. The company is expected to report EPS of -$0.56, up 65.22% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.17 billion, up 14.63% from the year-ago period. GME's full-year Zacks Consensus Estimates are calling for earnings of -$0.63 per share and revenue of $5.63 billion. These results would represent year-over-year changes of +70.56% and +10.69%, respectively. Investors might also notice recent changes to analyst estimates for GME. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 13.15% higher. GME is currently a Zacks Rank #3 (Hold). The Retail - Consumer Electronics industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 124, putting it in the top 49% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.   submitted by   /u/NineteenSixtySix [link]   [comments]
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  41. Will This be the beginning of the end of combustion engines and what are consequences for some investments? (14/07/2021 - Reddit Stocks)
    Some carmakers already started a change towards EV. Now Europe is setting a time table for the whole industry. Which companies will benefit and which will have trouble to adapt to the new technology ? https://www.reuters.com/business/retail-consumer/eu-set-call-time-combustion-engine-within-two-decades-2021-07-13/   submitted by   /u/Whichwhenwhywhat [link]   [comments]
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  42. HOOD drops after SEC's Gensler says "Banning Payment for order flow is on the table" (30/08/2021 - Reddit Stocks)
    Just reported by CNBC: Robinhood, Charles Schwab, Virtu Financial shares hit session lows after Securities and Exchange Commission chairman Gary Gensler tells Barron's that banning payment for order flow is 'on the table' HOOD is trading down, -$4.15 (8.8%) at 42.745 SCHW is trading down, -$1.93 (-2.54%) at 73.91 https://twitter.com/CNBCnow/status/1432428167227129857   submitted by   /u/aurora4000 [link]   [comments]
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  43. Why don’t we buy during a hearing? (18/02/2021 - Reddit Stocks)
    Boys I know this isn’t a penny stock but it’s more important. It’s congressional hearing and Lolw this is not a financial advice but imagine those CEOs walking out knowing that their firms are out of business lolz Let’s guys BUY BANG   submitted by   /u/Humble_Design_921 [link]   [comments]
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  44. Yahoo! Finance Total Debt (27/07/2021 - Reddit Stocks)
    I am trying to find total debt on Yahoo! Finance, but I have gotten conflicting answers. (I am using AAPL as an example) On the Statistics page, AAPL total debt (mrq) is listed as "134.74B." https://finance.yahoo.com/quote/AAPL/key-statistics?p=AAPL On the Financials page under Balance Sheet, the Quarterly total debt is "121,645,000." https://finance.yahoo.com/quote/AAPL/balance-sheet?p=AAPL On the Apple Financial Statements document, the sum of Current Term Debt, Non-Current Term Debt, and Commercial Paper is 121,645,000. https://s2.q4cdn.com/470004039/files/doc_financials/2021/q2/FY21-Q2-Consolidated-Financial-Statements.pdf Why does Yahoo! Finance give conflicting information? Am I understanding it wrong?   submitted by   /u/ipsinat [link]   [comments]
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  45. SoftBank-backed Dingdong raises $95.7 mln in downsized U.S. IPO (29/06/2021 - Reddit Stocks)
    Ticker: DDL Sources: https://finance.yahoo.com/news/softbank-backed-dingdong-raises-95-132905325.html https://www.reuters.com/technology/softbank-backed-dingdong-downsizes-us-ipo-targets-up-944-mln-raise-2021-06-28/ https://www.pymnts.com/news/ipo/2021/grocery-delivery-company-dingdong-pegs-ipo-valuation-at-6b/ The ADR appears to cover about 6% of the company. They had planned to price 3.5M shares at $357M for a total value of $6B, but the cut to $95M reduces that to $1.6B. Softbank last month bought a tranche that valued DDL at $5.1B.   submitted by   /u/merlinsbeers [link]   [comments]
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  46. InnerScope Hearing Technologies releases Financial statements for June 30th, 2020. (08/06/2021 - Reddit Stock Market)
    OTC PINK: INND InnerScope Hearing Technologies, a company with a mission to improve the quality of life of the 70 million people in North America who suffer from hearing impairment and/or hearing-related issues. Yesterday they released their quarterly financial statements for the period ending June 30th, 2020. Some highlights included: More than double cash on hand YoY, ability to put towards productive capabilities Almost double total current Assets Loss from Operations fell from $1M to only $250K, the growing company is closer and close to breaking even Liabilities are growing, but it is understandable to have that debt accrued in order to expand and grow in the long-term Find the statements here at: https://backend.otcmarkets.com/otcapi/company/financial-report/287116/content ​ Stay safe, this is not financial advice!!   submitted by   /u/GeneGriffingy2 [link]   [comments]
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  47. Top Stocks on /r/stocks in last 24 hours (16/06/2021 - Reddit Stocks)
    link to the most discussed stocks on r/stocks in last 24 hours: https://i.imgur.com/YCJdz89.png Could DraftKings Be the Next Meme Stock? - https://www.fxempire.com/forecasts/article/could-draftkings-be-the-next-meme-stock-741531 Hedge Funds Are Dumping Apple Inc. (AAPL) - https://finance.yahoo.com/news/hedge-funds-dumping-apple-inc-233322282.html Why a crash in meme stocks AMC and GameStop looks more likely now - https://www.marketwatch.com/story/why-a-crash-in-meme-stocks-amc-and-gamestop-looks-more-likely-now-11623810848 Are other stocks in the list have the same similar thing in common?   submitted by   /u/Mr_XooX [link]   [comments]
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  48. Small Cap Growth Company Investor Presentations Now Available for On-Demand Viewing (12/07/2021 - Reddit Stock Market)
    Pink: INND Virtual Investor Conferences, the leading proprietary investor conference series, today announced that the presentations from the July 8th Small Cap lnvestor Conference are now available for on-demand viewing. InnerScope Hearing Technologies as a manufacturer, distributor, and retailer of FDA-Registered Direct-to-Consumer Hearing Health-Related Products. Its mission is to improve the quality of life of the 70 million people in North America who suffer from hearing impairment and/or hearing-related issues. Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors. Find the full release here at: https://finance.yahoo.com/news/small-cap-growth-company-investor-123500134.html ​ This is not financial advice!!   submitted by   /u/GeneGriffingy2 [link]   [comments]
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  49. Capitol Report: Bernie’s secret weapon on minimum wage? The guy who wrote the book on Senate budget rules (26/02/2021 - Market Watch)
    One Senate committee staffer -- who had been retired from the chamber until earlier this month -- may have as much claim to victory as any lawmaker who casts a vote: Bill Dauster, the Senate Budget Committee's chief counsel.
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