3 ms·
> It's not clear if they can do an offering at inflated prices without running afoul of SEC. To add to this, the SEC issued a statement in the middle of it all
by bo1024 6y ago
> It's not clear if they can do an offering at inflated prices without running afoul of SEC.
To add to this, the SEC issued a statement in the middle of it all that seems to discourage Gamestop from offering more shares. It's unclear to me but that's my interpretation of the last sentence of this paragraph:
> In addition, we will act to protect retail investors when the facts demonstrate abusive or manipulative trading activity that is prohibited by the federal securities laws. Market participants should be careful to avoid such activity. *Likewise, issuers must ensure compliance with the federal securities laws for any contemplated offers or sales of their own securities.*
https://www.sec.gov/news/public-statement/joint-statement-market-volatility-2021-01-29 https://www.sec.gov/news/public-statement/joint-statement-ma...