SEC Suspends Trading In 15 Companies Due To “Questionable Trading And Social Media Activity”


Got to keep the peasants from pulling another Gamestop.

Who are the regulators protecting exactly in this instance?

(From Zerohedge)

Today we got the clearest confirmation yet that the SEC will do everything in its power to make sure that are no more Melvin Capitals and will seek to put a resolute end to the reddit bull raids when it announced that it “suspended trading in the securities of 15 companies because of questionable trading and social media activity.”

Today’s order states that trading is being suspended because of “questions about recent increased activity and volatility in the trading of these issuers, as well as the influence of certain social media accounts on that trading activity.”

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