TD Ameritrade is restricting trading for Gamestop, AMC movie theaters and a few other securities following the massive explosion of their stock prices driven by a Reddit-led investing craze.
"We made these decisions out of an abundance of caution amid unprecedented market conditions and other factors," the company wrote in a statement. The company did not specify what types of restrictions it had put in place.
Gamestop and AMC prices have exploded following a coordinated effort led by retail investors on the subreddit r/WallStreetBets.