SEC Suspends Trading Of 15 Companies Because of “Meme Stocks” – IOTW Report

SEC Suspends Trading Of 15 Companies Because of “Meme Stocks”

Reuters

The U.S. securities regulator on Friday suspended trading in the securities of 15 companies because of “questionable trading and social media activity,” the latest in a string of temporary trading halts amid volatile trading in so-called “meme stocks.”

The Securities and Exchange Commission acted because none of the companies have filed any information with the regulator for over a year, it said in a statement. This is the regulator’s third and largest wave of suspensions in response to social media activity. More

8 Comments on SEC Suspends Trading Of 15 Companies Because of “Meme Stocks”

  1. They’re trying to make it economically infeasible for small investors to gather together and getting into the big trade house’s game of moving stocks on a whim and a profit motive. All they’re going to do is move these communications to a platform that will eventually be beyond their reach. Then the fun will really begin.

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  2. On the other hand, this is a tactic that can potentially be weaponized against ANY stock of ANY publicly-traded company. Nice little company ya got there, Mr. Bezos. Be a shame if anything happened to it…

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