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The Justice Department’s fraud section and the San Francisco U.S. attorney’s office have sought information about the trading from brokers and social-media companies that were hubs for the trading, the WSJ reported, citing people familiar with the matter. https://on.wsj.com/3abznn1
Prosecutors have subpoenaed information from brokers such as Robinhood, according to the report.
Additionally, the Commodity Futures Trading Commission has opened a preliminary investigation into whether misconduct occurred as some Reddit traders targeted silver futures, the WSJ report.
A Justice Department spokesperson did not immediately respond to a Reuters request for comment.
