DAILY DOSE: February 2, 2021

Posted on 02/02/2021

1. GameStop (ticker: GME) stock falls 60% in share price to close at US$ 90 per share. GameStop and other select companies had trading restrictions from Robinhood and other brokers on how many shares of volatile stocks customers could purchase.

2. U.S. Senator Elizabeth Warren plans to introduce a U.S. wealth tax as a finance committee member.

3. Steve Cohen’s Point72 Asset Management raises US$ 1.5 billion after the Melvin Capital infusion.

4. Silver Markets
Release Number 8360-21 – Statement of Acting Chairman Rostin Behnam on Trading in Silver Markets – February 01, 2021

Washington, D.C. — Commodity Futures Trading Commission Acting Chairman Rostin Behnam released the following statement regarding recent trading in the silver markets:

“The CFTC is closely monitoring recent activity in the silver markets,” said Acting Chairman Behnam. “The Commission is communicating with fellow regulators, the exchanges, and stakeholders to address any potential threats to the integrity of the derivatives markets for silver, and remains vigilant in surveilling these markets for fraud and manipulation.”

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