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A comment on SEC suspends trading in 15 securities due to questionable social media activity. Parent comment

Re:SEC suspends trading in 15 securities due to questionable... by sbierwagen on Friday February 26, 2021 @06:56PM (#26281269)
Fun fact: WSB bans discussion of penny/microcap stocks, which is why none of these tickers show up in that subreddit.
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Re:SEC suspends trading in 15 securities due to questionable... by iso8859-1 on Friday February 26, 2021 @07:21PM (#26281432)
GME had a market cap below $1B between April and November 2020[0], and somehow DFV could still make his posts.

The rules didn't say that the limit was $1B in September,[2] that was only added later.[1]

[0]: https://www.macrotrends.net/stocks/charts/GME/gamestop/marke...

[1]: https://www.reddit.com/r/wallstreetbets/about/rules

[2]: https://web.archive.org/web/20200912192940/https://www.reddi...

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Re:SEC suspends trading in 15 securities due to questionable... by WoahNoun on Friday February 26, 2021 @09:35PM (#26282123)
This is a case of needing more explicit rules to enforce the intent of the ambiguous existing ones.

>any other worthless securities that are susceptible to scams or pump & dump schemes.

As for GME, Penny stock designation technically requires that the stock not trade on a major exchange. GME was never de-listed.

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Re:SEC suspends trading in 15 securities due to questionable... by tekknik on Sunday February 28, 2021 @07:57AM (#26293083)
Penny stock designation has nothing to do with exchange listings, that’s OTC. Penny stock designation starts when the stock price is $5 or below.
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Re:SEC suspends trading in 15 securities due to questionable... by zeusk on Friday February 26, 2021 @07:43PM (#26281578)
GME however was a fallen titan.

Also, being a sub member since 2014 - pennystocks were always frowned upon.

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