Some major brokerage houses have begun to respond to a frenetic surge in the price of shares of companies that has been attributed to rabid buying by individual investors on social-media platforms.
On Wednesday, TD Ameritrade said it was restricting trading for GameStop
and AMC Entertainment Holdings
as well as other names, amid a triple-digit percentage surge in the price of those companies in recent days.
“In the interest of mitigating risk for our company and clients, we have put in place several restrictions on some transactions in $GME, $AMC and other securities,” a…