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Tags: trade zero | gamestop | robinhood | meme stocks | trading halts | sec

TradeZero Settles SEC Charges About Meme Stock Trading Halts

GameStop
(AP)

Tuesday, 24 May 2022 03:16 PM EDT

The U.S. Securities and Exchange Commission on Tuesday said TradeZero America Inc. and co-founder Daniel Pipitone settled charges they falsely told customers that the broker/dealer did not restrict customers' purchases of so-called meme stocks, when in fact they did.

TradeZero and Pipitone agreed to retain an independent compliance consultant and pay respective penalties of $100,000 and $25,000, without admitting or denying the charges, the SEC said.

© 2022 Thomson/Reuters. All rights reserved.


StreetTalk
The SEC on Tuesday said TradeZero America Inc. and co-founder Daniel Pipitone settled charges they falsely told customers that the broker/dealer did not restrict customers' purchases of so-called meme stocks, when in fact they did.
trade zero, gamestop, robinhood, meme stocks, trading halts, sec
66
2022-16-24
Tuesday, 24 May 2022 03:16 PM
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