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Statement of SEC Regarding Recent Market Volatility

sec.gov

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Re: Statement of SEC Regarding Recent Market Volatility

#3

Post by gjsman-1000 »

"The Commission will closely review actions taken by regulated entities that may disadvantage investors or otherwise unduly inhibit their ability to trade certain securities. In addition, we will act to protect retail investors when the facts demonstrate abusive or manipulative trading activity that is prohibited by the federal securities laws. Market participants should be careful to avoid such activity."

This should scare the crap out of Robinhood from what happened yesterday.

Re: Statement of SEC Regarding Recent Market Volatility

#4

Post by [deleted] »

gjsman-1000 wrote: post #3

"The Commission will closely review actions taken by regulated entities that may disadvantage investors or otherwise unduly inhibit their ability to trade certain securities. In addition, we will act to protect retail investors when the facts demonstrate abusive or manipulative trading activity that is prohibited by the federal securities laws. Market participants should be careful to avoid such activity." This shoul…

[deleted]

Re: Statement of SEC Regarding Recent Market Volatility

#5

Post by TeMPOraL »

pferde wrote: post #2

In summary, just a vague "we are watching" statement.

My attention was caught by this paragraph:

> In addition, we will act to protect retail investors when the facts demonstrate abusive or manipulative trading activity that is prohibited by the federal securities laws. Market participants should be careful to avoid such activity. Likewise, issuers must ensure compliance with the federal securities laws for any contemplated offers or sales of their own securities.

I'm no stock player, so I may not be reading the implied meaning correctly. But on the face of it, it seems at least as recognizing WSB-driven buyers as valid players in this match.

(However, it's an open question whether they consider WSB's attempt at short squeeze as an organic thing, or a coordinated stock manipulation. The latter, as I understand it, is strictly illegal.)

Re: Statement of SEC Regarding Recent Market Volatility

#6

Post by sneak »

gjsman-1000 wrote: post #3

"The Commission will closely review actions taken by regulated entities that may disadvantage investors or otherwise unduly inhibit their ability to trade certain securities. In addition, we will act to protect retail investors when the facts demonstrate abusive or manipulative trading activity that is prohibited by the federal securities laws. Market participants should be careful to avoid such activity." This shoul…

It specifies trading activity. I read this as a warning to WSB, not their brokerages.

Re: Statement of SEC Regarding Recent Market Volatility

#8

Post by pmx »

pferde wrote: post #2

In summary, just a vague "we are watching" statement.

I think this part is pretty clear:

"In addition, we will act to protect retail investors when the facts demonstrate abusive or manipulative trading activity that is prohibited by the federal securities laws. Market participants should be careful to avoid such activity."

Re: Statement of SEC Regarding Recent Market Volatility

#9

Post by SaltyBackendGuy »

gjsman-1000 wrote: post #3

"The Commission will closely review actions taken by regulated entities that may disadvantage investors or otherwise unduly inhibit their ability to trade certain securities. In addition, we will act to protect retail investors when the facts demonstrate abusive or manipulative trading activity that is prohibited by the federal securities laws. Market participants should be careful to avoid such activity." This shoul…

Hopefully it's more than posturing and that there will be action taken to back up this statement.
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