AOC and Ted Cruz Criticize Robinhood for Restricting Customers' Ability to Trade

AOC and Ted Cruz Criticize Robinhood forRestricting Customers' Ability to Trade.On Thursday, Robinhood announced that it had limitedtrade in certain stocks, including GameStop. .In a post to social media, Robinhood said its decision wasdue to “market volatility” caused by the r/WallStreetBets Redditforum, which pushed GameStop shares to skyrocket 1,500 percent.Multiple lawmakers from both major partieshave condemned Robinhood, accusing it ofmanipulating the market in favor of hedge funds. .Among them was Democratic RepresentativeAlexandria Ocasio-Cortez, who took to Twitterto call Robinhood’s decision “unacceptable.”.This is unacceptable … We now need to know moreabout @RobinhoodApp’s decision to block retailinvestors from purchasing stock while hedge fundsare freely able to trade the stock as they see fit, AOC, via Twitter.AOC also said that as a member of the Financial ServicesCommittee, she’d “support a hearing if necessary.”.Republican Senator Ted Cruz chimed in soonafter, writing “fully agree” in response to AOC’s post. .AOC responded to Cruz, declining to workwith him on this issue and urging him to “resign.”.I am happy to work with Republicans onthis issue where there’s common ground,but you almost had me murdered 3 weeksago so you can sit this one out. , AOC, via Twitter