Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

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

Published 02/26/2021, 03:25 PM
Updated 02/26/2021, 07:30 PM
© 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.

Latest comments

💎👜
They can ****people but the people get together and get screwed. So sad
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.
might as well suspend trading on every stock
Define "questionable".  I dare ya
bunch of crooks can stop trading whenever it suits them and the big hedge funds!!
Am i the only one who didnt see any of these on social media?
SEC will halt meme stocks but hedge funds can buy darkpools wirhout moving the price......
None of the companies listed are the hot ones in the media lately. This article is misleading and irresponsible.
is the US a free market, yes or no?
The SEC is so corrupt, FDR is turning in his grave smh
They’re going to look for other companies 🤷🏻‍♂️
Retail traders don't have that kind of power. Not against multiple trillion billion and million hedge funds.
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
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...
Typical SEC reactionary move a day late etc etc
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.
It doesn't matter if it is chinese or not, most of the espionage are US anywayz...
 The equality act is certainly espionage against freedom of Religion.
Well, in china if you critized it on a message board like this youd end up in a labor camp
Democracy at its finest.
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.