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US reviewing social media posts for fraud in GameStop rally: Report
short by Hiral Goyal / on Thursday, 4 February, 2021
US Securities and Exchange Commission (SEC) is reviewing social media posts for signs of potential misinformation that may have been used to boost stock prices of GameStop and AMC Entertainment, Bloomberg reported. The market regulator is also reviewing trading data as part of its probe into potential market manipulation. GameStop closed below $100 for the first time this week.
read more at BloombergQuint