SEC says it's monitoring market volatility, as Biden administration watches GameStop

The Securities and Exchange Commission on Wednesday said it is “aware of and actively monitoring the on-going market volatility in the options and equities markets,” in a statement that did not directly mention GameStop Corp. . Earlier Wednesday, the White House said it was watching the huge moves made by the company and some other stocks. The SEC’s acting chair Allison Herren Lee and other officials said they were working with fellow regulators “to assess the situation and review the activities of regulated entities, financial intermediaries, and other market participants.”Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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