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TD Ameritrade restricts Gamestop and AMC trading

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.

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