SEC looking to shutdown Moomoo and other investing platforms
Gensler’s campaign against self-directed brokerage and retail investors is also evident in another set of extreme reforms Gensler is expected to roll out later this year that would crack down on the ability of brokers to communicate with their customers and each other using so-called "digital engagement practices." Brokers and other financial providers whose revenues will be trimmed or eliminated by the government will likely respond by passing costs along to customers and offering fewer innovative, low-cost products and services to the very customers who want them and need them the most, including millions of Americans who were previously shut out of the stock market.
The SEC wants retail investors out of the stock market and the recent stock trends could be them getting their way by crashing meme stocks and removing them from the market entirely. So be wary when investing in them. They will pump them up then bring them down and keep them down.
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lily sg : Wow, scary, is Sprc recent dip due to this also? Thanks.
Antwan Jones9 :
Naro_yue : It's not, is it! So what do you think of the later stages? Isn't Gen a bit overbearing, Ashi?
Mcsnacks H TupackOP lily sg: SPRC is dipping because they have floated all their outstanding shares.
Mcsnacks H TupackOP Naro_yue: They have a plan in the works. Not sure how it will turn out. But I am sure it will not be good for retail investors.