https://www.reuters.com/article/us-retail-trading-sec/u-s-sec-suspends-trading-in-15-securities-due-to-questionable-social-media-activity-idUSKBN2AQ2VZ

Discover Thomson Reuters

Directory of sitesLoginContactSupport
for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-up
for-desktop-upfor-wide-desktop-up
Retail
Updated

U.S. SEC suspends trading in 15 securities due to 'questionable'
social media activity

By Reuters Staff

1 Min Read

FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns
an office door at the SEC headquarters in Washington, June 24, 2011.
REUTERS/Jonathan Ernst

WASHINGTON (Reuters) - The U.S. securities regulator on Friday
suspended trading in the securities of 15 companies because of
"questionable trading and social media activity," the latest in a
string of temporary trading halts amid volatile trading in so-called
"meme stocks."

The Securities and Exchange Commission acted because none of the
companies have filed any information with the regulator for over a
year, it said in a statement. This is the regulator's third and
largest wave of suspensions in response to social media activity.

Retail interest in certain stocks, most notably GameStop Corp, has
surged in a social media frenzy, leading to volatile trading.

The SEC is continuing to review market and trading data to spot other
securities to "to potential attempts to exploit investors during the
recent market volatility," the agency said on Friday.

For a full list of the suspensions announced on Friday, go here: here
.

Reporting by Tim Ahmann and Chris Prentice; Writing by Mohammad
Zargham; Editing by Richard Chang

Our Standards: The Thomson Reuters Trust Principles.

  * Apps
  * Newsletters
  * Advertise with Us
  * Advertising Guidelines
  * Cookies
  * Terms of Use
  * Privacy
  * Do Not Sell My Personal Information

All quotes delayed a minimum of 15 minutes. See here for a complete
list of exchanges and delays.

(c) 0 Reuters. All Rights Reserved.
for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-up
for-desktop-upfor-wide-desktop-up