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Financial markets: Wall Street rebel investors sanctioned

15/02/2021
Categories: Economy/Forex

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The American regulator of the financial markets (SEC) has just sanctioned the rebel investors of Wall Street for manipulative practices.

For facilitating a 450% growth in the value of a nearly bankrupt company, individual investors on Wall Street were severely punished. The company concerned has effectively not published any financial reports since 2017, and yet, for some reason that is not explained, its stock rose by 450% during the month of January 2021.
It should be noted that this is the first time that the United States Securities & Exchange Commission has ruled against the action of individual investors. Treated as rebels, the latter carry out stock market transactions on bases other than those recognized by the classic rules of investment.
"It appears that the public interest and the protection of investors require a suspension of trading in the securities of SpectraScience, an inactive Minnesota company, due to questions regarding the accuracy and adequacy of the company's market information. . And potentially manipulative trading activities, “said the institution, which says it is in “the obligation to safeguard the interests of investors”.

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