The SEC issued a statement on last week’s market volatility, noting that “extreme stock price volatility” can undermine market confidence and that it will review actions taken by regulated entities that “may disadvantage investors or otherwise unduly inhibit their ability to trade certain securities” (source). The statement followed a historic week of market activity driven by the ongoing short squeezes of several stocks (e.g. GameStop and AMC), which prompted brokerage platforms such as Robinhood to restrict certain transactions.
Extra: Meanwhile, the price of silver reached its highest point since 2013 today, increasing by 15% since last week as retail investors continue to drive volatility across a wide range of assets.
The New Paper
This story is from the February 1, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.
