Todd Horwitz, chief market strategist of BubbaTrading.com, weighs in on the consequences of the GameStop hearing on Thursday.
Robinhood should compensate traders for any losses incurred from trading restrictions, and Keith Gill, also known on Twitter and YouTube as 'Roaring Kitty', would likely face penalties for initiating the squeeze on GameStop shares, of which he had held a long position, Horwitz said.
Todd Horwitz - known as Bubba - is chief market strategist of BubbaTrading.com. He is a regular contributor on Fox, CNBC, BNN, Kitco, and Bloomberg. He also hosts his daily podcast 'The Bubba Show.' He is a 36-year member of the Chicago exchanges and was one of the original market makers in the SPX.