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TD Ameritrade, Charles Schwab putting brakes on GameStop and AMC trading

Restrictive moves come as shares of GameStock shot up 1,600% as traders in online chat forums have gone on to take large bets on the stock using options

Some major brokerage houses have begun to respond to a frenetic surge in the price of shares of certain companies that has been attributed to rabid buying by individual investors inspired by social-media platforms.

On 27 January, TD Ameritrade said it was restricting trading in GameStop GME, and AMC Entertainment Holdings, along with other names, amid a triple-digit percentage surge in the price of those companies in recent days.

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