DFV, Melvin and Robinhood are all victims in this mess. Hard to tell who's to blame but it smells like "clearinghouse" which might lead to further tentacles.
But will they do anything about the hedge funds that made money on GameStop?
DTC retains custody of 3.5 million securities issues, worth about $40 trillion, including securities issued in the United States and more than 110 other countries. DTC is a member of the U.S. Federal Reserve System, and a registered clearing agency with the Securities and Exchange Commission.
Suing DFV over GameStop makes no sense because the same thing happened with AMC. The charts were almost identical much of the time.
14 days ago I predicted this would happen.
DFV, Melvin and Robinhood are all victims in this mess. Hard to tell who's to blame but it smells like "clearinghouse" which might lead to further tentacles.
But will they do anything about the hedge funds that made money on GameStop?
Senvest Management, Eurekahedge, etc?
https://fortune.com/2021/02/02/robinhood-gamestop-restricted-trading-meme-stocks-gme-amc-vlad-tenev-nscc/
https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation
Suing DFV over GameStop makes no sense because the same thing happened with AMC. The charts were almost identical much of the time.