In the wake of the unprecedented events that are happening on Wall Street with a lot of speculations and the risk of the pump and dump events continuing. Investment firms like Robinhood, TD Ameritrade, Merrill Edge have stopped investors from being able to buy stocks in GameStop, AMC theater, and other top shorted stocks. 

Reddit investors decided to wage war on Wallstreet billionaires and they are encouraging people to buy stocks high enough to force short sellers into having to cover their shorts. An event that will even send stocks soaring even higher. 

This method is working for home traders, they are making a lot of money while the billionaires who short the stocks are losing a lot of money. They lost so much that may force them to close their funds. As a result, investment firms like Robinhood, Merrill Lynch, TD Ameritrade, and co have decided to stop trading in these stocks all together after halting trading many times.

As of now, stock trading has been stopped on a few selected stocks due to high volume trading and tremendous wealth transfer activities that are linked to pump and dump allegations. We will continue to monitor this news and bring you additional updates very soon. 

Disclosure: The other has a long option position in AMC.