Statement by US SEC Acting Chair and Commissioners Regarding Recent Market Volatility

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Friday, January 29, 2021 / 05:20 PM / by US Securities and Exchange Commission / Header Image Credit: Investment News


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The Commission is closely monitoring and evaluating the extreme price volatility of certain stocks' trading prices over the past several days. Our core market infrastructure has proven resilient under the weight of this week's extraordinary trading volumes. Nevertheless, extreme stock price volatility has the potential to expose investors to rapid and severe losses and undermine market confidence.

 

As always, the Commission will work to protect investors, to maintain fair, orderly, and efficient markets, and to facilitate capital formation. The Commission is working closely with our regulatory partners, both across the government and at FINRA and other self-regulatory organizations, including the stock exchanges, to ensure that regulated entities uphold their obligations to protect investors and to identify and pursue potential wrongdoing. The Commission will closely review actions taken by regulated entities that may disadvantage investors or otherwise unduly inhibit their ability to trade certain securities.

 

In addition, we will act to protect retail investors when the facts demonstrate abusive or manipulative trading activity that is prohibited by the federal securities laws. Market participants should be careful to avoid such activity. Likewise, issuers must ensure compliance with the federal securities laws for any contemplated offers or sales of their own securities.

 

The Commission will continue its work on behalf of investors and the markets. In this regard, we hope to facilitate a robust public dialogue among market participants and investors on the structure and operation of our securities markets. Members of the public can submit tips or complaints through the Commission's website using this online form. Members of the public with questions should contact the Commission's Office of Investor Education and Advocacy or email vide Help@SEC.gov.


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Relevant Links

1.       Caveat Emptor when Participating in Social Media Chatrooms Promoting Specific Stock Trading - Jan 29, 2021

2.      Everything You Need to Know About How a Reddit Group Blew up GameStop's Stock - Jan 29, 2021

3.       GameStop and Ongoing US Market Volatility - SEC, Analysts React - Jan 28, 2021

4.      White House 'monitoring' GameStop share surge as US hedge fund pulls out The Guardian UK, Jan 27, 2021

5.       Dumb money' is on GameStop, and it's beating Wall Street at its own game - The SeattleTimes, Jan 27, 2021

6.      GameStop's dizzying share price rise is game over for the short-sellers - Nils Pratley on Finance, The Guardian UK, Jan 27, 2021

7.       How GameStop found itself at the center of a groundbreaking battle between Wall Street and small investors Edward Helmore in New York, The Guardian UK, Jan 27, 2021 



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