The U.S. Securities and Exchange Commission in Washington, D.C.
Adam Jeffery | CNBC
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The Securities and Exchange Commission, the nation’s top financial regulator, said on Friday that it is reviewing recent trading volatility that led to a meteoric rise in shares including GameStop and AMC Entertainment.
In a statement, the SEC vowed to to protect individual, retail traders and also promised 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 in a release.
“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,” the regulator added.
