Federal authorities probing US trading frenzy – report

Federal prosecutors and regulators are investigating whether “market manipulation or other types of misconduct” led to a meteoric rise in shares of companies such as GameStop and AMC, the Wall Street Journal reported on Thursday. The Justice Department’s fraud section and the San Francisco U.S. attorney’s office have sought information about the trading from brokers and social-media companies that were hubs for the trading, the WSJ reported, Nick Note: Reality is the hedge funds and mutual funds are using social media to manipulate the markets to the disadvantage of the little guys. They are taking advantage of their stupidity and using cool dude chats to fuck them to the wall… And it ain’t over!