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It's not really reddit's job. But I wouldn't be surprised if the SEC decides to ban "meme stock hyping". Their mandate includes insuring that value of shares a
by phire 6y ago
It's not really reddit's job. But I wouldn't be surprised if the SEC decides to ban "meme stock hyping".
Their mandate includes insuring that value of shares accurately reflects the value of the company and that investors remain confident in the function of the market. This situation is damaging both those mandates, especially once GME fully crashes and all the noob investors who bought the peek lose their investment and decide to never invest again.
Before anyone replies saying that the SEC should instead be focused on hedge fund market manipulation, I'll point out that's already against the rules and it's just an issue of enforcement.
And I assure you that the SEC are going to have an even harder time enforcing any rules against "meme stock hyping"