Monday, January 22, 2018 10:07:14 AM
From the SEC web site - make sure you pay attention to postin unfounded rumors o message boards ! lol idiots
In recent months, a wave of negative rumors and other information regarding some of the most prominent participants in the U.S. financial industry appeared to have fueled stock market volatility. This has not gone unnoticed by Federal regulators. Recently, the SEC took extraordinary measures aimed at reducing market volatility reportedly due to unfounded rumors and certain short-selling. These steps include issuance of an emergency order prohibiting naked shortselling of certain stocks,1 and the launching of a broad investigation into potential manipulation of financial institution stocks through the spreading of baseless, negative rumors.2 The ultimate ability of the SEC to effectively prevent market disruption through these means, however, may be limited and further action may be initiated.
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