“2023 has seen the resurgence in meme stocks with new players coming onto the scene. Despite the 2021 fan-favorites having been crushed since their heyday, it’s common to see traders flock to the popular meme stocks in case they are also part of the resurgence in risk appetite.”
“The events over the past several years relating to the meme-stock rallies are evidence of how the herd can change direction, and where these changes happen, which is largely in social networks and forums.”
“Last year, after the chaotic market events of January, Chair Gensler testified that time equals risk. We agree”, said Paxos in a statement.
These 22 securities were being promoted on social media with the only purpose of inflating the price. The typical pump and dump scheme now being perpetrated on social media on a mass scale.
Now that Reddit has taken over the social trading space and the whole world witnessed the power of an army of retail traders against whales in the industry, everyone wants in on the action.
“Organizing or executing coordinated strategies to trade or place orders at certain conditions and times to move a share’s price could constitute market manipulation.”
The German regulator will require brokers to remedy their deficiencies and pledged to file criminal complaints in cases of market manipulation.
Charlie Rozes may be buying IG stock in a move to signal confidence in the retail broker as other top executives did before him. Only the future will tell if those £30,980 were well invested.
Welcome back to Finance Feeds at the Bitcoin Conference 2023 in Miami. Today, we have the pleasure of interviewing Jordan Edelson, CEO of TradeZing.
The Securities and Exchange Commission has charged broker-dealer TradeZero America Inc., and its co-founder, Daniel Pipitone, with deceiving customers about the meme stock trading halts. According to the agency, they falsely stated that they didn’t restrict the customers’ purchases of meme stocks when in fact they did, back in January 2021. At the apex of […]
A US judge dismissed a months-long litigation accusing a handful of retail brokers, clearing houses and a market maker of conspiring to restrict trading on GameStop and other “meme stocks”.
The Securities and Exchange Commission charged two traders in a wash trading scheme that resulted in more than $700,000 in illicit profits.
The warning comes nearly one month after the ‘meme stock’ trading frenzy jumpstarted by the r/WallStreetBets subreddit. The exchange operator based in the United Kingdom is addressing the issue ahead of what might happen in the future as ‘meme stock’ trading grows in adoption.
According to the regulator, there have been no signs that social media discussions led to any significant increase in the trading of securities listed in Singapore.
FINRA has taken a very dim view of social media activity surrounding the GameStop issue. The regulator’s initial stance will be to investigate whether there were any misstatements made on a scale that would have impacted the market
Citadel Securities has been a key source of trading platforms’ revenue, which fed conspiracy theories that the US market maker leaned on their executives to end the short squeeze by restricting users from buying meme stocks.
Plaintiffs suing Citadel Securities and others over trading restrictions on “meme stocks” have filed a motion to strike the market maker’s recent court filing that leaned on the SEC’s report to dismiss the conspiracy charges.
Citadel Securities has again asked a Florida judge to dismiss the charges accusing the firm of asking Robinhood to restrict trading on GameStop and other “meme stocks,”, a move that resulted in losses for small investors.
After months of speculation, a highly anticipated report issued last week by the top US regulator debunked most of the conspiracy theories that have swirled around the meme stocks’ frenzied trading early this year.