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The Securities and Exchange Commission is weighing new regulations on stock-trading apps after a frenzy in GameStop and other meme stocks earlier this year, according to a report issued by the commission Monday.The agency found that the trading mania, in which hundreds of thousands of investors piled stanley cup into the shares of struggling companies, severely tested the market system but didn t break it. Although the stanley cup report stopped short of making recommendations, it outlined several areas for further study. The extreme volatility in meme stocks in January 2021 tested the capacity and resiliency of our securities markets in a way that few could have anticipated, securities regulators said. At the same time, the trading in meme stocks during this time highlighted an important feature of United States securities markets in the 21st century: broad participation. GameStop shares saw a massive price surge in January, rising from $39 to $347 in a single week as retail investors poured into the markets. Many traders were spurred by apps like Robinhood, which allow users to trade stock for free. As the trading devolved into a standoff between ordinary investors who were bidding up prices of the company and hedge funds that were short-selling GameStop, betting the price would fall stanley cup , some brokerages halted trading in GameStop and dozens of other popular public companies, prompting consumer outrage, a number of lawsuits and a congressional hearing Pbqc Louisville imposes postseason basketball ban amid sex party allegations
LOS ANGELES -- The California Supreme Court on Wednesday declined to hear Bill Cosby s legal adidas originals challenge to a lawsuit filed by one of his accusers, CBS Los Angeles reports.Cosby, 78, was petitioning a review of the lawsuit brought by Judy Huth, who claims Cosby sexually assaulted her in 1974 at the Playboy Mansion when she was 15 years old. Cosby s newly revealed testimony on sex, drugs and secrets 02:37 More than two-dozen women have accused the comedian of drugging and sexually assaulting them. Cosby has denied it. Cosby tried to block Huff s case from moving forward, citing procedural irregularities. But on Wednesday, the High Court denied Cosby s petition seeking the review.The ruling paves the way for Cosby to be deposed in the case - something Gloria Allred, Huth s attorney, says she plans to do within 30 days. We believe we have a right to take his deposition in this civil lawsuit. We are going to tomorrow provide him with dates in August when we are available to do that, Allred said. We are willing to even go to Massachusetts where allegedly he resides and take it. reebok skechers Bill Cosby testimony paints horrible picture of comic 02:52