News

SEC Publishes Statement On Short Squeeze Insanity, “Will Protect Investors From Manipulative Trading

It was only a matter of time before the SEC stepped in to “protect” investors from making money and ramming Wall Street’s own strategies up its behind, and moments ago the world’s most useless regulator published a statement in response to the short squeeze mania that has gripped markets.

The Commission said it will closely review actions taken by regulated entities that may disadvantage investors or otherwise unduly inhibit their ability to trade certain securities. Translation: any extreme shorts that hurt the hedge funds that are our close friends will likely soon be banned.

“We will act to protect retail investors when the facts demonstrate abusive or manipulative trading activity that is prohibited by the federal securities laws,” SEC Acting Chair Allison Herren Lee and Commissioners Hester M. Peirce, Elad L. Roisman and Caroline A. Crenshaw said in a statement on the commission’s website.

MORE

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s