You know, it's the reason your 14-year-old cousin

just bought a Ferrari.

Traders on Reddit sent the stock soaring this week,

causing billions in losses for the hedge funds

that bet against the video game retailer's stock.

And today, Wall Street decided: Enough was enough!

And this is a Fox News Alert now.

Draw your attention to Main Street,

where GameStop and AMC shares have been tumbling

in trading action today, as a growing number of firms

move to halt trading on some stocks

boosted by amateur traders on Reddit.

The action is so wild that TD Ameritrade and Robinhood

have restricted trading of these stocks.

Wells Fargo also banning its advisors

from telling clients to buy or sell GameStop and AMC.

NEWSMAN: And now the criticism centered on Robinhood

for abandoning their followers here

in favor of helping those who had shorted all these stocks

in the first place.

I don't particularly like the move on Robinhood today.

I'm talking to people this morning that say,

"Okay, that is anti-capitalism. You can't do that."

A class action complaint was just filed

in the Southern District of New York against Robinhood.

Um, and this is what part of it says, and I'm quoting...

"...purposefully, willfully and knowingly,"

Robinhood removed the stock, GME, GameStop,

"from its trading platform"

in the midst of an unprecedented stock rise,

thereby, it goes on, "manipulating the open market."

Yeah, that's right, people.

Wall Street was getting rocked so hard

by average people buying stock in GameStop,

that they just stopped average people from buying it.

Yeah. The same guys, the same guys who are always like,

"The markets must never be regulated.

They must always remain free!"

Those same guys are now like,

"Oh, shit, the poor people got ahold of the freedom.

Turn it off! Turn off the freedom!"

So, thanks to this ban,

the GameStop stock that a lot of people bought

for a ton of money is now worth a lot less,

which is probably familiar to anyone

who's sold a used game back to GameStop.

So, right now, a lot of people are understandably upset

about what Wall Street is doing.

In fact, it's bringing together people from all sides.

I mean, AOC and Ted Cruz

are as far apart as Madison and Austen,

and even they're both blasting the Robinhood app

for blocking users from buying GameStop stocks.

Everyone's mad. Even people like Ja Rule.

Ja Rule, who tweeted,

"Yo, this is (bleep) crime

what @Robinhood is doing. Do not sell."

Let me tell you something.

When the guy who did the Fyre Festival

thinks that you're a fraud,

man, then you're doing some shady shit.