U.S. SEC suspends trading in 15 securities due to ‘questionable’ social media activity
WASHINGTON (Reuters) – (*15*) U.S. securities regulator on Friday suspended trading in the securities of 15 corporations due to “questionable trading and social media activity,” the most recent in a string of momentary trading halts amid dangerous trading in so-called “meme shares.”
(*15*) Securities and Exchange Commission acted on account of not one of many corporations have filed any data with the regulator for over a 12 months, it talked about in a press launch. This is the regulator’s third and largest wave of suspensions in response to social media activity.
Retail curiosity in certain shares, most notably GameStop (*15*), has surged in a social media frenzy, principal to dangerous trading.
(*15*) SEC is fixed to consider market and trading data to spot completely different securities to “to potential makes an try to exploit merchants all through the present market volatility,” the corporate talked about on Friday.
…