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US Stock Market Regulator SEC Suspends Trading in 15 Companies Over Social Media Action


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Securities watchdog suspends trading for 15 stocks after 'suspicious social media activity'


Securities watchdog suspends trading for 15 stocks after suspicious social media activity
Regulators are closing monitoring social media for market manipulation following the GameStop frenzy
26 February 2021 • 9:03pm
The US securities watchdog suspended trading in 15 companies’ stock today, claiming that their prices had been artificially inflated by a calculated social media campaign which exploited the market volatility. 
It comes as a cybersecurity company analysis suggested that GameStop and other “meme stocks” may have pumped by bots, or automated accounts, on Twitter, Facebook and YouTube. 
Friday’s suspension follows temporary bans of dozens more issuers, many of which may also have been targets of apparent social media attempts to artificially inflate their stock price, the Securities and Exchange Commission (SEC) said.  ....

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