© Reuters. FILE PHOTO: The U.S. Securities and Trade Fee brand adorns an workplace door
WASHINGTON (Reuters) – The U.S. securities regulator on Friday suspended buying and selling within the securities of 15 firms due to “questionable buying and selling and social media exercise,” the most recent in a string of momentary buying and selling halts amid unstable buying and selling in so-called “meme shares.”
The Securities and Trade Fee acted as a result of not one of the firms have filed any info with the regulator for over a 12 months, it stated in an announcement. That is the regulator’s third and largest wave of suspensions in response to social media exercise.
Retail curiosity in sure shares, most notably GameStop Corp (NYSE:), has surged in a social media frenzy, resulting in unstable buying and selling.
The SEC is continuous to evaluation market and buying and selling information to identify different securities to “to potential makes an attempt to use traders in the course of the current market volatility,” the company stated on Friday.
For a full checklist of the suspensions introduced on Friday, go right here: https://www.sec.gov/information/press-release/2021-35.
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