Wall Street

Social Media Roast SEC After Satire Mocking Meme Stocks, Crypto Investors

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The Street

By Luc Olinga The Securities and Exchange Commission has just produced videos aimed at warning the general public against risky investments. The SEC probably thought it was doing the right thing by producing videos to alert retail investors against risky investments. In one of the short videos broadcast on its YouTube account on May 31, we are witnessing a parody of a TV game show. Two candidates are playing a sort of wheel of fortune. The show is called “Investomania.” Candidates have several options ranging from “Stocks on Margin,” “Meme Stocks,” “Guaranteed Returns,” “Stocks Tips from your …

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