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Saturday, March 2, 2024

SEC reviewing volatility amid GameStop frenzy, vows to protect retail investors\n

  • The SEC said it is reviewing recent trading volatility that has led to a meteoric rise in GameStop and AMC Entertainment.
  • The SEC vowed to to protect traders and promised to scrutinize actions taken by brokerages that may "unduly inhibit their ability to trade certain securities."
  • "We will act to protect retail investors when the facts demonstrate abusive or manipulative trading activity," the SEC said in a release.

In this article

The U.S. Securities and Exchange Commission in Washington, D.C.Adam Jeffery | CNBC

The Securities and Exchange Commission said Friday it will work to protect investors by reviewing the recent trading volatility that has fueled a meteoric rise in stocks like GameStop and AMC Entertainment.

In a statement, the nation's top financial regulator vowed to protect individual traders and to scrutinize actions taken by brokerages that may "disadvantage investors or otherwise unduly inhibit their ability to trade certain securities."

"We will act to protect retail investors when the facts demonstrate abusive or manipulative trading activity that is prohibited by the federal securities laws," the SEC said.

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