SEC Says It’s Scrutinizing Market Swings as Meme Stocks Surge
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The U.S. Securities and Exchange Commission said it’s scrutinizing markets for signs of manipulation and other misconduct as AMC Entertainment Holdings Inc. and other meme stocks continue to surge.
“SEC staff continues to monitor the market in light of the ongoing volatility in certain stocks to determine if there have been any disruptions of the market, manipulative trading or other misconduct,” the agency said in a Monday emailed statement. “In addition, we will act to protect retail investors if violations of federal securities laws are found.”