WASHINGTON (Reuters) – The U.S. securities regulator on Friday suspended trading in the securities of 15 companies because of “questionable trading and social media activity,” the latest in a string of temporary trading halts amid volatile trading in so-called “meme stocks.”
The Securities and Exchange Commission acted because none of the companies have filed any information with the regulator for over a year, it said in a statement. This is the regulator’s third and largest wave of suspensions in response to social media activity.
Retail interest in certain stocks, most notably GameStop Corp, has surged in a social media frenzy, leading to volatile trading.
For a full list of the suspensions announced on Friday, go here: https://www.sec.gov/news/press-release/2021-35.
(Reporting by Tim Ahmann and Chris Prentice; Writing by Mohammad Zargham; Editing by Richard Chang)