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U.S. SEC suspends trading in 15 securities due to 'questionable' social media activity

Stock MarketsFeb 26, 2021 07:30PM ET
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© Reuters. FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door

WASHINGTON (Reuters) - The U.S. securities regulator on Friday suspended trading in the securities of 15 companies because of "questionable trading and social media activity," the latest in a string of temporary trading halts amid volatile trading in so-called "meme stocks."

The Securities and Exchange Commission acted because none of the companies have filed any information with the regulator for over a year, it said in a statement. This is the regulator's third and largest wave of suspensions in response to social media activity.

Retail interest in certain stocks, most notably GameStop Corp (NYSE:GME), has surged in a social media frenzy, leading to volatile trading.

The SEC is continuing to review market and trading data to spot other securities to "to potential attempts to exploit investors during the recent market volatility," the agency said on Friday.

For a full list of the suspensions announced on Friday, go here: https://www.sec.gov/news/press-release/2021-35.

U.S. SEC suspends trading in 15 securities due to 'questionable' social media activity
 

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Comments (17)
Cameroonian Genius
Cameroonian Genius Feb 28, 2021 5:27AM ET
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💎👜
Lawrence Schmidt
Lawrence Schmidt Feb 27, 2021 8:38PM ET
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They can ****people but the people get together and get screwed. So sad
Bret Lafrance
Bret Lafrance Feb 27, 2021 1:38PM ET
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actually, after reading the list and reason, it looks like they are getting rid of stocks for which no one has submitted paperwork in over a year.
Bret Lafrance
Bret Lafrance Feb 27, 2021 1:31PM ET
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might as well suspend trading on every stock
milena villa escobar
milena villa escobar Feb 27, 2021 12:55PM ET
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Define "questionable".  I dare ya
Greg Pomering
Greg Pomering Feb 27, 2021 9:22AM ET
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bunch of crooks can stop trading whenever it suits them and the big hedge funds!!
Viking Fire
Viking Fire Feb 27, 2021 7:12AM ET
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Am i the only one who didnt see any of these on social media?
Kyle Truong
Kyle Truong Feb 26, 2021 10:54PM ET
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SEC will halt meme stocks but hedge funds can buy darkpools wirhout moving the price......
Bob Go
Bob Go Feb 26, 2021 8:06PM ET
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None of the companies listed are the hot ones in the media lately. This article is misleading and irresponsible.
CURP Online
CURP Online Feb 26, 2021 8:05PM ET
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is the US a free market, yes or no?
Ace Music
Ace Music Feb 26, 2021 5:28PM ET
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The SEC is so corrupt, FDR is turning in his grave smh
Green Arrow
Green Arrow Feb 26, 2021 4:55PM ET
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They’re going to look for other companies 🤷🏻‍♂️
DD DDDD
DD DDDD Feb 26, 2021 4:39PM ET
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Retail traders don't have that kind of power. Not against multiple trillion billion and million hedge funds.
Mark Henline
Mark Henline Feb 26, 2021 4:39PM ET
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exactly when you look at ichan or buffet. small stake moves. are 47,ooo,ooo. million a whack..chump change.buffet himself said he can't invest in small cap because a simple stake would mi e the stock to much...sounds like Gme to me
David David
David9 Feb 26, 2021 3:58PM ET
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Thus us a good thing... they need to put a stop to this. Also, when the market goes nuts, they need to shut it down...
Robert Mizrahi
Robert Mizrahi Feb 26, 2021 3:43PM ET
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Typical SEC reactionary move a day late etc etc
Bruce Ona
Bruce Ona Feb 26, 2021 3:41PM ET
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If these are Chinese Companies committing espionage then we understand. But if this is a communist style censorship of those who differ on political or moral views from government dictates then it is a unconstitutional censorship of freedom of speech, freedom of Religion then it is unAmerucan.
David David
David9 Feb 26, 2021 3:41PM ET
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It doesn't matter if it is chinese or not, most of the espionage are US anywayz...
Bruce Ona
Bruce Ona Feb 26, 2021 3:41PM ET
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David David  The equality act is certainly espionage against freedom of Religion.
Viking Fire
Viking Fire Feb 26, 2021 3:41PM ET
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Well, in china if you critized it on a message board like this youd end up in a labor camp
Ivan Ivan
Ivan Ivan Feb 26, 2021 3:37PM ET
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Democracy at its finest.
 
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