February 23, 2021 BY Steffy Bogdanova

IG Group prevents new margin trades on small cap-stocks

Service disruptions during a short period of frantic trading have been attributed to Reddit users, particularly its WallStreetBets group, who are said to have inflated the price of GameStop stocks in order to punish the hedge fund’s betting against it. This phenomenon saw IG Group and other brokers having to suspend new client registrations, while…

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