"The Securities and Exchange Commission said in a statement Friday morning that it is 'closely monitoring the extreme price volatility of certain stocks trading prices' in recent days and that it stands ready to take aggressive enforcement action if market manipulation is found to have taken place." - Chris Matthews, MarketWatch, January 29, 2021.
The issue is: What is manipulation and what is simply making clever moves? It is often by those clever moves investors build wealth - perfectly legally.
There is plenty of support for what has been called the "Motley Crew" at Reddit who have upended trading as usual. This morning Robinhood lifted some of the restrictions on trading. Therefore, the stock prices of GameStop and the others the members of the Motley Crew are focused on are up.
There also have been two lawsuits filed against Robinhood for its earlier halting of trading. Also some in Congress, ranging from AOL to Ted Cruz, condemn Robinhood for that decision.
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