The SEC Wants Investors to Stop Buying the Wrong Zoom Stock

Re:The SEC Wants Investors to Stop Buying the Wrong Zoom Sto... by fortran77 on Sunday March 29, 2020 @06:35PM (#22723415)

Is it really up to the SEC to do this? It sets a precedent. Now will they be liable if they don't warn people about other companies with similar names? With 3 and 4 letter tickers, many companies are 1 letter off.

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Re:The SEC Wants Investors to Stop Buying the Wrong Zoom Sto... by mardifoufs on Sunday March 29, 2020 @06:47PM (#22723495)

ZOOM has not filled anything to the SEC for 5 years now. It's a dead chinese zombie shell corporation so this is more akin to keeping the stock exchanges clean of junk. Especially since that junk only exists to harm.

COKE is routinely mistaken for Coca Cola, but the SEC doesn't intervene because COKE is a real operating company. So I think this is not a sign of overreach from the SEC.

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Re:The SEC Wants Investors to Stop Buying the Wrong Zoom Sto... by brockwhittaker on Sunday March 29, 2020 @07:05PM (#22723575)

COKE is not only a real thing, they’re also involved in bottling Coca Cola, so while they’re not financially the same company, they are inextricably related.

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Re:The SEC Wants Investors to Stop Buying the Wrong Zoom Sto... by lmilcin on Sunday March 29, 2020 @06:48PM (#22723501)

Trading can be suspended to protect investors to give everybody time to cool off. I don't think suspending one defunct company for large volume of erroneus trades is much different.

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