Feb 23, 05:14 AM

Nasdaq Faces Criticism as $BETS, $PHUN Penny Stocks Drive Frenzies

A growing concern among stock-market veterans points to Nasdaq and penny stocks, such as $BETS and $PHUN, as central figures in recent trading frenzies. These frenzies, characterized by huge bursts of trading volume, have been fueled by individual investors using zero-commission trading tools and the allure of stocks that gain attention on social media platforms. The phenomenon has drawn criticism towards Nasdaq, with calls for the exchange to tighten its standards to protect retail investors. This situation has been further complicated by the involvement of Wall Street brokers in the hot retail-options trade, which has been blamed for increasing stock volatility and market speculation.

#Nasdaq #Wall Street

Written with ChatGPT (GPT-4).

Sources

Better Markets@BetterMarkets
2 years ago
Penny stocks are driving trading frenzies that can hurt retail investors. @JoeSaluzzi says its time for @nasdaq to "tighten up its standards." Learn more in @aosipovich's @wsj story: https://t.co/aKV4ZBsulf
Bio Stocks™@BioStocks
2 years ago
As Trading Frenzies Grip Penny Stocks, Criticism of Nasdaq Grows. $BETS $PHUN Fueling these frenzies are individual investors who use zero-commission trading tools to pile into stocks that get buzz on social media. https://t.co/8mHULlpX7e
Joe Saluzzi@JoeSaluzzi
2 years ago
As Trading Frenzies Grip Penny Stocks, Criticism of Nasdaq Grows https://t.co/BIvyFPKn0O

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Nasdaq Faces Criticism as $BETS, $PHUN Penny Stocks Drive Frenzies

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