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Top Wall Street analyst: Brokers limiting trading was a 'credible and responsible action'

In this photo illustration, the Interactive Brokers LLC logo seen displayed on a smartphone.
Igor Golovniov | LightRocket | Getty Images

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A top Wall Street analyst is defending e-brokers' decisions to limit trading in the so-called Reddit stocks amid a "whirlwind" of trading that generated increased risk for brokerages and their clients.

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