The Securities and Exchange Commission (SEC) released a report on the game post station in January this year.The report on frenzied stock trading debunked some of the conspiracy theories that have circulated on social media for months and gave impetus to SEC chairman Gensler's push for tighter regulation.
SEC officials in the report did not provide specific policy recommendations, but they said the incident was worthy of careful study of the factors that prompted brokers to limit customer trading, short selling and order flow payments.
SEC said in the report that the claim that retail investors pushed up stocks shorted by hedge funds, triggering a massive short selling squeeze, was not fully supported by evidence. Investors' purchases of game stations are "only a small part of the volume", and even if the impact of such transactions weakens, the company's share price remains high, and it is not possible to determine the motivation to buy on such a large scale.