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
I guess ‘social media activity’ is the epitome of outsider trading. Which must be stopped.
Sounds like the biden administration is picking the winners and losers. Let the market work it out not the government.
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.
Then they came for the meme stocks, but I was not one of them either..
Can’t have the middle class participate in the game. Just one more blow.
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…
If you hadn’t yet learned that the game is totally rigged, how many more ways must they show you?!
If the Government-Banking criminal conspiracy allowed banks to give even 2% interest on savings trillions of dollars would be out of the stocks market yesterday.