The SEC Sends a Warning About Meme Stocks. Reddit Traders Aren’t Happy.

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https://www.barrons.com/articles/sec-meme-stocks-51654125267

Updated June 2, 2022 8:44 am ET / Original June 1, 2022 7:15 pm ET

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A Securities and Exchange Commission’s campaign geared toward educating the public about responsible investing is drawing ire from the Reddit retail investor crowd.

In a video posted on the SEC’s YouTube channel, a game show contestant named Brad picks the “meme stock” category and hits the “invest” buzzer. He immediately loses a pile of cash and is hit in the face with a pie. His opponent is rewarded when she says she’s going to do some research first.

The…

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