Explaining GameStop hearing terms: Payment for order flow
AXIOS
Payment for order flow, or PFOF, sits at or near the top of the list of people's complaints about market structure. read more »
Explaining GameStop hearing terms: Short-selling
AXIOS
Investigation Finds Used Cars are Routinely Sold with Known, Life-Threatening Safety Defects — Sen. Blumenthal Weighs In
CONSUMER FEDERATION OF AMERICA
GameStop bull 'Roaring Kitty,' MassMutual hit with securities lawsuit
REUTERS
The social media persona “Roaring Kitty” at the center of last month’s frenzied rally in shares of GameStop Corp violated securities laws and caused “huge losses” for investors, according to a class action lawsuit filed in federal court in Massachusetts. read more »
SEC Data Show $359 Million of GameStop Shares Failed to Deliver
YAHOO FINANCE
On Jan. 28, the day after GameStop Corp. mania hit its crescendo on the back of a short squeeze for the record books, about $359 million worth of shares were caught in limbo. read more »
Big Tech faces additional pressure from private antitrust lawsuits
NEW YORK TIMES
Robinhood CEO admits communications shortcomings, ahead of House testimony
REUTERS
Robinhood, the trading app popular with young investors, could have better explained why it restricted the buying of heavily shorted stocks caught up in the social media-fueled trading frenzy around GameStop Corp, said the company’s chief executive officer. read more »
GM agrees to $5.75 million settlement with California over ignition switches
REUTERS
General Motors Co agreed to a $5.75 million settlement to resolve allegations it made false statements to California’s largest pension system and other investors over its deadly ignition switch recalls. read more »
Daimler recalls 1.29 million U.S. vehicles for software issue
REUTERS