SEC: Manipulative trading must be avoided

EPA-EFE/SHAWN THEW

Any illegal "manipulative" or "abusive" trading activity in the markets that can harm retail investors needs to be avoided, the United States Securities and Exchange Commission (SEC) said in a statement on Friday.

The statement, signed by Acting Chair Allison Herren Lee and commissioners Hester Pierce, Elad Roisman and Caroline Crenshaw, added that the SEC is "closely monitoring" the ongoing high volatility in certain stocks and warned any extreme price volatility can "expose investors to rapid and severe losses and undermine market confidence."

The SEC went on to say it is working with regulatory partners to make sure no regulated entity puts investors at a disadvantage.

Baha Breaking News (BBN) / VP