He said the regulator’s focus is on how to manage conflict of interest, a “big underlying issue” when it comes to recommending stocks that has become even more important with the proliferation of social media.
The capital market watchdog’s plan to introduce rules for all social media platforms is noteworthy amid recent volatility in previously underwhelming stocks such as GameStop and AMC, which appears to have been driven in no small part by retail investors across North America responding to videos on YouTube and postings on the social media platform Reddit.
The BCSC only has to prove only that a statement or omission would be “important” to a “reasonable Investor” in determining whether to trade a security. He said there has not yet been a test case of the lower threshold, and it is too soon to say if any of the new powers sought by the watchdog could be used to intervene in current cases of trading volatility, which bled from stocks including GameStop, BlackBerry Ltd., and Bed Bath & Beyond into the silver market last week.Article content continued
Why? Did some millionaires/billionaires lose some money. Awwww. 😂
Riots looting and murder in major US cities = underfunding and alienating police. Inauguration riots = military protection. Rich manipulate market for person gains = no response. People manipulate market for person gains = censorship and regulation. GET YOUR HOUSE IN ORDER FOLKS
Is that retroactive to about thirty years ago?
Lol but let hedge funds and MM do it with impunity rigged market to keep the poor poor
shorts are manipulation what the difference what are the regulations for shorting
Hmmm might want to start with all the shorting and hedge funds. The little guy 99% of time plays long because they believe in companies and products
GME was shorted over 130%. The hedge funds did this to themselves.
Yes, leave stock manipulation to the professionals.
How much money is still being laundered through your casinos, British Columbia?
Fucking peasants messing with hedge funds, has to be stopped somehow.
Stock market manipulation is fine, until poor people do it.