Report: Feds Investigating Meme Stock Frenzy For Market Manipulation

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Shares of GameStop soared more than 2,300% in January.

reported that the Commodities Futures Trading Commission has opened an investigation into the trading of silver futures and a silver ETF, which also saw major gains as Reddit traders set their sights on the commodity.

As shares continued to climb at the end of January, White House press secretary Jen Psaki said the Biden administration and Treasury Department wereIn January, individual traders from online communities like Reddit’s r/WallStreetBets forum and users of popular online brokerage apps like Robinhood were a driving force behind the meteoric rise of a handful of previously unpopular stocks.

 

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🙄🤨 Yeh right. Someone needs to investigate the Feds.

Again why.. it’s fine for Wales to consume entire companies on a daily basis .. let the little guy win for once ..

Should we start taking bets on how fast they shift their scope away from hedgies and towards the small time investors?

Maybe they should investigate actual fraud .... there’s plenty

Took them long enough

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