and all of a sudden..agencies are monitoring strange activities on wall street.
GameStop Stock Drops After SEC Announcement. An Expert Says the Agency’s Statement Means Little for Now.
Last Updated: Jan. 27, 2021 at 6:16 p.m. ET
First Published: Jan. 27, 2021 at 6:04 p.m. ET
By Connor Smith and Avi Salzman
Referenced Symbols
FIZZ
+40.17%
AMC
+301.21%
GME
+134.84%
In the case of GameStop, regulators may end up looking for market manipulation–though that can be a hard case to make.
The Securities and Exchange Commission said Wednesday it’s monitoring options and equity markets following volatility in recent days. Shares of highly shorted companies like Bed Bath & Beyond, National Beverage, and AMC Entertainment have surged alongside GameStop in recent trading.
“We are aware of and actively monitoring the on-going market volatility in the options and equities markets and, consistent with our mission to protect investors and maintain fair, orderly, and efficient markets, we are working with our fellow regulators to assess the situation and review the activities of regulated entities, financial intermediaries, and other market participants,” Allison Herren Lee, the SEC’s acting chair; Pete Driscoll, director at the division of examinations; and Christian Sabella, acting director at the division of trading and markets, said in a news release published Wednesday.
https://www.marketwatch.com/articles/sec-says-it-will-monitor-ongoing-market-volatility-an-expert-says-the-move-means-little-for-now-51611788662?mod=mw_quote_news
==this all means that…ordinary people are nit allowed to earn money from trading and big elite guys are not suppsed to lose any money. HEADS UP TO ALL THOSE WHO BOUGHT THE GME STOCKS AND ARE MAKING HISTORY THESE DAYS!!"