Ryan-Beck and Kinnaj ask:
Will Robinhood receive a Wells notice from the Securities and Exchange Commission (SEC) before 1 October 2021 related to trading limits imposed on 28 January 2021?
Closed Oct 01, 2021 07:01AM UTC
A Reddit-fueled "short squeeze" on shares of Gamestop and other companies led to online trading firm Robinhood to impose trading limits on various stocks in late January (CNBC, CNET). Many Robinhood customers were angered by the move, and Congress has held hearings on the circumstances surrounding the trading limits (Business Insider, CNET). A Wells notice "is a letter sent by a securities regulator to a prospective respondent, notifying him of the substance of charges that the regulator intends to bring against the respondent, and affording the respondent with the opportunity to submit a written statement to the ultimate decision maker" (Cornell).
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The question closed "No" with a closing date of 1 October 2021.
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Possible Answer | Correct? | Final Crowd Forecast |
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Yes | 0% | |
No | 100.00% |
Crowd Forecast Profile
Participation Level | |
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Number of Forecasters | 66 |
Average for questions older than 6 months: 208 | |
Number of Forecasts | 206 |
Average for questions older than 6 months: 589 |
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Participants in this question vs. all forecasters | average |