SEC Vows To Protect ‘Retail Investors,’ Amid GameStop Frenzy

The Securities and Exchange Commission, the nation’s top financial regulator, said on Friday it is reviewing recent trading volatility that has led to a meteoric rise in GameStop and AMC Entertainment and other stocks. In a statement, the SEC vowed to to protect individual, retail traders and also promised to scrutinize actions taken by brokerages that may “disadvantage investors or otherwise unduly inhibit their ability to trade certain securities.” “We will act to protect retail investors when the facts demonstrate abusive or manipulative trading activity that is prohibited by the federal securities laws,” the SEC said in a release. Read more at NBC News.