Wealthsimple Not Halting Gme Trading As Robinhood Ib Comes Under Fire
During a video call with Bloomberg, Wealthsimple CEO Micahel Katchen explained that the platform has no plans to restrict trading in the securities but focuses on cooperating with regulators. He added that Wealthsimple continues trading in the stocks since it does not offer the margin option. The executive pointed at Wealthsimple’s ability to offer safe and reliable brokerage as the main reason for not restricting trading. Katchen added that volatility calls for capital injection among the impacted platforms....