trading from robin hood took on thursday to restrict trading of stocks such as game stop am seen nokia black berry and others will friday games all shot up more than 70 percent in early trading it clawed back most of its steep losses from the day before this was after robin hood said it will allow customers to start buying some of the stock again but what next what happens next well joining me now to discuss the. swan and christy i welcome back christy game stop was back up on friday why did robin hood reversed its course. well it seems like robin hood is bowing down to the outcry of its users after it was accused of blocking purchases in order to protect damaged hedge funds so robin-hood c.e.o. told c m b.c. that the decision was taken on the basis of group level funding linked to deposit requirements a clearing house and regulation set up by the i.c.c. and he claimed that the decision to restrict these names were to protect the firm and to protect robin hood customers however irrespective of the reasons for the shut down retail traders are still not pleased with this very differential treatment

these stocks investors are angry that robin hood also blocked trades in companies such as amc black berry and nokia which were rising because of the chat group you know when the big man when the quote unquote suits don't get their way they start losing they just shut down the game and change the rules i think it's extremely unfair and as he's put in place to protect the little man from things like this happening so hopefully you know regulators and politicians are taking a strong look at this and they get down to the bottom of it well u.s. politicians and regulators are taking notice republican ted cruz tweeted support for democrat alexandria ocasio cortez's call for an investigation into robinhood actions the u.s. treasury secretary says she's monitoring the situation and massachusetts state regulator wants the new york stock exchange to suspend trading in game stop for 30 days. all right let's introduce our panel joining us from london chief market analyst at a v.a. trade from houston texas josh young the chief investment officer at bison interests and also in london and also in london ash sarkar