As concerned citizens and investors, we urge Congress to hold another congressional hearing regarding the buy freeze that occurred in January 2021 at GameStop. Recent evidence has come to light, information that needs to be addressed by our representatives. 

It is based on new evidence uncovered by Reddit user u/ringingbells, shedding light on a critical aspect of the GameStop saga. It is essential that this evidence be thoroughly examined and discussed in a congressional hearing to ensure transparency and accountability.

One significant revelation pertains to Instinet, which had an astonishing $67 billion dollars in Risk Deterrent Charges (ECP) during periods of acute volatility. The Depository Trust & Clearing Corporation (DTCC) waived $50 billion of these charges for Instinet consistently and predictably. This allowed Instinet to remain thinly capitalized going into the MemeStock event despite the inherent risks involved. The DTCC's decision to waive these charges raises serious questions about their role in facilitating market stability.

The ECP charge was imposed under Dodd-Frank legislation as a means of deterring excessive risk-taking by companies.

The fact that DTCC enabled and Instinet obliged with this waiver raises questions about accountability and fairness within our financial institutions. It is essential for Congress to investigate this matter thoroughly and ensure appropriate regulations are put in place so that similar incidents do not occur again, and people are held accountable for their actions.

It is imperative that Congress addresses these findings through another GameStop congressional hearing. By doing so, our elected representatives can delve deeper into the actions taken by entities such as Instinet and the DTCC during times of extreme market volatility.

Furthermore, other entities like Merrill Lynch and TD Ameritrade have also been suspected of restricting buying on January 28th, 2021. If TD Ameritrade indeed restricted buying equities on this day, they would have been the first and largest company facing liquidity issues during this period.

Adding more urgency to these concerns is TD Ameritrade's recent warehouse fire. The destruction of critical records demands answers regarding its potential impact on investor protection and transparency.

We believe that the evidence presented warrants another congressional hearing to address these issues and hold those responsible accountable. Congress has a duty to protect the interests of individual investors and ensure the integrity of our financial markets.

We, the undersigned, call on Congress to take immediate action and hold another congressional hearing regarding the GameStop buy freeze. We demand transparency, accountability, and regulatory measures that prevent market manipulation and unfair practices in the future.

Please sign this petition if you believe in fair markets, investor protection, and holding financial institutions accountable for their actions. Together, we can make a difference!