SEC weighs in on Meme stocks and Crypto

Investomania: Meme Stocks
https://youtu.be/av3k_lcGm9g

And some folks aren’t happy with the portrayal.
SEC Punches Down On Retail Investors With New Ad
https://thedeepdive.ca/sec-punches-down-on-retail-investors-…

The US Securities and Exchange Commission on Tuesday released a new commercial called “Investomania: Meme Stocks” and people aren’t happy about it.

Had the GME meme stock blowup AGAINST the short sellers not happened… would the SEC be “investigating” the short sellers?
Factbox-How the SEC Is Cracking Down on the Equity Market After GameStop Saga
https://money.usnews.com/investing/news/articles/2022-01-27/…

Google search reveals SEC "investigations" of short selling.. 2008, 2013, ... more... many times.

And, here’s the SEC on cryptocurrencies.
Investomania: Crypto
https://youtu.be/L3TwZOMm6Wc

This is a parody of Matt Damon’s endorsement ad for crypto back in Jan2022.
Matt Damon took a lot of flack for his commercial.
Matt Damon ripped for ad comparing crypto trading to history’s great explorers
https://www.mercurynews.com/2022/01/03/matt-damon-ripped-for…

:alien:
ralph laughs UPROAROUSLY at the thought that the SEC should spend tax payer’s money on true crimes.

1 Like

I think these SEC “Investomania” ads are clever and manage to be educational at the same time.

The government and other organizations actually have a lot of great investment information, if only people knew about it.

https://brokercheck.finra.org/

Wendy

3 Likes

I think these SEC “Investomania” ads are clever and manage to be educational at the same time.

I agree, but…
I’m not sure how the SEC is going to reach the target audience with these ads.
Sort of, by definition, the target audience isn’t out looking for any investment info other than in places like the famous reddit group that was pushing GME.

Mike