Spectra Science News Today : Breaking News, Live Updates & Top Stories | Vimarsana

by Tyler Durden
Friday, Feb 26, 2021 - 03:26 PM
Two weeks ago we said that the regulatory crackdown against WallStreetBets had begun when the SEC suspended trading in pennystock Spectra Science (SCIE). Well, today we got the clearest confirmation yet that the SEC will do everything in its power to make sure that are no more Melvin Capitals and will seek to put a resolute end to the reddit bull raids when it announced that it suspended trading in the securities of 15 companies because of questionable trading and social media activity.
Today s order states that trading is being suspended because of questions about recent increased activity and volatility in the trading of these issuers, as well as the influence of certain social media accounts on that trading activity.   In enforcing the suspension, the SEC referred to federal securities laws, according to which the SEC can suspend trading in a stock for 10 days and generally prohibit a broker-dealer from soliciting ....

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