https://www.sec.gov/news/public-statement/joint-statement-market-volatility-2021-01-29

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Public Statement

     
   

Statement of Acting Chair Lee and Commissioners Peirce, Roisman, and
Crenshaw Regarding Recent Market Volatility

Acting Chair Allison Herren Lee
Commissioner Hester M. Peirce
Commissioner Elad L. Roisman
Commissioner Caroline A. Crenshaw

Jan. 29, 2021

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 our 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 at
1-800-732-0330, ask a question using this online form, or email us at
Help@SEC.gov.

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