When will IG allow back GME cash trading?

[DiamondHandWannaBe]

Dear all, and moderators,

IG emailed me informing GME, among other things, new share dealing on #GME can no longer be allowed come Monday.

Was this because GME was removed by 1. US SEC? or 2. UK FCA? or 3. by GME (Gamestop Corp) itself?

US SEC has not responded,

UK FCA said broker can refuse to offer trading facilities but did not say if such refusal can be unilateral meaning can't open but can close. - if I can close positions then who is opening them so I can close?

GME's customer support phone line had automatic music and voice informing to hold, so no help there 🤥

Any one know if IG will re-open trading on GME like some other brokers?

[topdoc]

They have closed trading in other stocks as well. You can no longer trade Centamin. Now why would they do that for a FTSE 250 stock ?? Is IG having problems ??

[Buba]

"GME's customer support phone line had automatic music and voice informing to hold" 

PRECISELY!!!! :):) HOLD GME, no matter what. Even if they try to screw us on buying, they can't force us to sell!

 

If you hold, just don't sell - it's scaremongering. I'd rather loose the couple of thousands I've invested than succumb to this bullying

[DiamondHandWannaBe]

17 hours ago, Buba said:

"GME's customer support phone line had automatic music and voice informing to hold" 

PRECISELY!!!! :):) HOLD GME, no matter what. Even if they try to screw us on buying, they can't force us to sell!

 

If you hold, just don't sell - it's scaremongering. I'd rather loose the couple of thousands I've invested than succumb to this bullying

Alot of short positions are due to be called in come today (Feb 1); hence why IG stopped allowing opening positions on GME but forcing long margins to meet 100% funds by 4pm UK, effectively forcing many longs to cover hence giving their boss a breather.