SEC to release report on ‘meme’ stock Jan events
The United States Securities and Exchange Commission Chair Gary Gensler (pictured) shared on his Twitter account on Wednesday that the agency will soon publish a report on the highly volatile “meme” stocks, trading of which was driven by online forum users in January 2021.
“A quick update on some of what’s been happening @SECGov. Staff have been looking into a few things including market structure, 10b5-1 plans, SPACs, and so much more. @SECGov staff have been working on a report that will be published soon about the “meme” stocks events of January,” Gensler tweeted.
Earlier, in an interview, Gensler defended the investors’ right to freely speak about trading opportunities and share investment strategies on online platforms, such as Reddit forums.
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