Photographer: Gabby Jones / Bloomberg
Photographer: Gabby Jones / Bloomberg
Robinhood Markets Inc. decreased the number of companies with trade restrictions to eight from 50 on Sunday, according to an update on its website.
The current list includes GameStop Corp., AMC Entertainment, BlackBerry Ltd., Express Inc., Genius Brands International, Inc., Koss Corp., Naked Brand Group Ltd., and Nokia Oyj.
Opening new positions in these securities is currently allowed, but limited, according to the Robinhood website, which listed the maximum number of share and options contracts that each user can hold. For those whose holdings already exceed the limits, their positions will not be sold or closed.
Robinhood imposed purchase restrictions following its clearhouse investment requirements for equities increase last week, the company said in a blog post Friday.
– Supported by Meghan Genovese
(Updates with more information)