Nasdaq May Halt Trades Due to Social Media Activity, says CEO
Nasdaq CEO Aneda Franklin has said trading may be halted on the stock exchange due to social media activity. Ms. Franklin’s response comes after raised concerns over potential harm to stock markets after investing in Gamestock, AMC, and other shares became trending topics on the discussion platform Reddit last week.
The NYSE recently halted trading several times; trades were also halted within firms such as Robinhood and TD Ameritrade prompting concerns over lost investments by new investors. The recent stock surge has also drawn attention from federal and state regulatory agencies who aim to protect investors from misconduct.
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