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Leverage 'can rip your arms off,' former TD Ameritrade boss says in warning to meme-stock retail traders

16 days ago   |   By Business Insider

Summary List Placement Using leverage, or borrowing money to buy stocks, can pay off for retail investors participating in the explosive rallies in AMC Entertainment , GameStop and other so-called meme stocks but they need to be aware that those trades can quickly turn and burn them financially, the ex-head of TD Ameritrade said in a CNBC interview on Thursday .
"My biggest concern is what's going on with the individual investor... and that they've got to be able to understand when they use leverage what that really means," Joe Moglia, a former CEO and chairman of the online discount...
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