The SEC statement on stock market volatility due to the GameStop stock price activity may fall on deaf ears in an increasingly angry retail trading community.
SEC Statement Unlikely to Comfort Retailer Investors
The SEC stated today that it is "closely monitoring and evaluating the extreme price volatility" of the trading price of certain stocks. While it didn't mention specific stocks, it's safe to assume that the GME short squeeze carried out by the WallStreetBets community which made world headlines is the focus of the statement.
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