Across the sea: I have a daily limit system
Chapter 332 Powers and Obligations
Weiss fell silent.
Although these Wall Street institutions in front of them are obviously thinking for themselves.
But this issue they say, the Federal Securities Administration, also has to consider.
After all, this is already a serious problem.
As a result of a large number of retail investors following up, once the stock price crashes, a large number of people will be trapped.
For the recent stock price trend of GME.
They've been paying attention too.
Even the attitude towards this stock.
There were also some controversies within the administration.
But the matter has not been resolved until today.
And now, sure enough, these Wall Street structures couldn't sit still, and took the initiative to find them.
After being silent for a while, the expression on Weiss's face was extremely serious.
Then Weiss asked, "What do you want us to do?"
Hearing this, Wan Long realized that the opportunity had finally come.
It's time to get into the subject.
So he replied: "We hope that you will take the initiative to tell retail investors not to trade this stock and not to chase after GME."
"While thinking about retail investors, we are also thinking about us, and similarly, we are also thinking about you"
"Once you don't make a reminder, retail investors in the United States will lose money at that time, and you will definitely think that you have not acted and failed to fulfill your regulatory obligations."
Weiss thought for a while, and then began to nod: "Okay, as for your suggestion, I accept it, and we will only remind them when the time comes"
"But we don't stop retail investors from trading"
"At that time, they will lose money, and it will not have much to do with us."
"We have done our duty"
Weiss had just finished speaking.
Bandung immediately discussed privately with representatives of several institutions.
Although the people from the Authority promised to help them.
But they always thought they could do more.
After discussing for a while.
"You have the right to stop them from trading"
Everyone said to Weiss again.
What they hope is to let the authority stop the pursuit of retail investors.
Hearing this, Weiss smiled: "We have the right, but we have no obligation. Our obligation is to remind them, that's all."
Representatives of several institutions still want to argue.
But Weiss waved his hand.
He directly refused: "That's all for today. It's true that GME has risen a lot in the past few days, but it's hard to say whether it can continue to rise in the future."
Want to use us to terminate retail transactions, are your heads flooded?
I can do my duty to remind them.
But you can't use power to control them.
"You go back first, the price will rise later, you can contact me again"
After all, Weiss stood up directly, turned and left.
The representatives of several organizations were suddenly speechless.
To say any more would just be boring.
By the end of the afternoon, GME's share price had risen to $60.
since today.
GME opened at around 40, fell all the way to 25 US dollars, and then rose to 60 US dollars. The volatility has exceeded [-]%.
Wall Street was in an uproar.
On the other end, Keir was excited by his own wisdom.
I sent a lot of messages to Chen Feng again.
All of this, but Chen Feng didn't see it at all.
Because he fell asleep.
It was only when he woke up the next day that Chen Feng received the news from Kiel.
Just smiled lightly.
Originally, I planned to reply to his message.
But it's night in the United States, so if you send a message, the other party may not be able to reply.
So, Chen Feng sent him a few emoticons.
Then, log in to the US stock account again.
GME closed at $[-].
Based on the 350 million shares in Chen Feng's account.
The market value of holdings has reached 2.1 million US dollars.
The other stock, Tesla, rose by only two points.
Came to the company in the morning.
It was exactly nine o'clock.
Just walked in, not long.
Wang Lin walked in.
"Mr. Chen, let me tell you some news"
Wang Lin said with a mysterious face.
"what?"
Chen Feng was still a little surprised, wondering what this kid was trying to say.
"Let me show you the news this morning"
Wang Lin immediately took out the phone.
When Chen Feng saw it, he almost laughed out loud.
Fortunately, I held back.
It turned out that what Wang Lin showed him was nothing but GME stock.
"I see"
Chen Feng replied lightly.
"Mr. Chen, do you know that this stock has risen by [-]% in the past few days. It's really scary."
"Now, news all over the world is reporting on this stock"
"In a few days, you can earn six times the income, how terrifying it is"
"It would be great if it was me"
Wang Lin sighed.
"Oh, okay"
Chen Feng still responded lightly, as if he was not interested in Wang Lin's words at all.
Although these Wall Street institutions in front of them are obviously thinking for themselves.
But this issue they say, the Federal Securities Administration, also has to consider.
After all, this is already a serious problem.
As a result of a large number of retail investors following up, once the stock price crashes, a large number of people will be trapped.
For the recent stock price trend of GME.
They've been paying attention too.
Even the attitude towards this stock.
There were also some controversies within the administration.
But the matter has not been resolved until today.
And now, sure enough, these Wall Street structures couldn't sit still, and took the initiative to find them.
After being silent for a while, the expression on Weiss's face was extremely serious.
Then Weiss asked, "What do you want us to do?"
Hearing this, Wan Long realized that the opportunity had finally come.
It's time to get into the subject.
So he replied: "We hope that you will take the initiative to tell retail investors not to trade this stock and not to chase after GME."
"While thinking about retail investors, we are also thinking about us, and similarly, we are also thinking about you"
"Once you don't make a reminder, retail investors in the United States will lose money at that time, and you will definitely think that you have not acted and failed to fulfill your regulatory obligations."
Weiss thought for a while, and then began to nod: "Okay, as for your suggestion, I accept it, and we will only remind them when the time comes"
"But we don't stop retail investors from trading"
"At that time, they will lose money, and it will not have much to do with us."
"We have done our duty"
Weiss had just finished speaking.
Bandung immediately discussed privately with representatives of several institutions.
Although the people from the Authority promised to help them.
But they always thought they could do more.
After discussing for a while.
"You have the right to stop them from trading"
Everyone said to Weiss again.
What they hope is to let the authority stop the pursuit of retail investors.
Hearing this, Weiss smiled: "We have the right, but we have no obligation. Our obligation is to remind them, that's all."
Representatives of several institutions still want to argue.
But Weiss waved his hand.
He directly refused: "That's all for today. It's true that GME has risen a lot in the past few days, but it's hard to say whether it can continue to rise in the future."
Want to use us to terminate retail transactions, are your heads flooded?
I can do my duty to remind them.
But you can't use power to control them.
"You go back first, the price will rise later, you can contact me again"
After all, Weiss stood up directly, turned and left.
The representatives of several organizations were suddenly speechless.
To say any more would just be boring.
By the end of the afternoon, GME's share price had risen to $60.
since today.
GME opened at around 40, fell all the way to 25 US dollars, and then rose to 60 US dollars. The volatility has exceeded [-]%.
Wall Street was in an uproar.
On the other end, Keir was excited by his own wisdom.
I sent a lot of messages to Chen Feng again.
All of this, but Chen Feng didn't see it at all.
Because he fell asleep.
It was only when he woke up the next day that Chen Feng received the news from Kiel.
Just smiled lightly.
Originally, I planned to reply to his message.
But it's night in the United States, so if you send a message, the other party may not be able to reply.
So, Chen Feng sent him a few emoticons.
Then, log in to the US stock account again.
GME closed at $[-].
Based on the 350 million shares in Chen Feng's account.
The market value of holdings has reached 2.1 million US dollars.
The other stock, Tesla, rose by only two points.
Came to the company in the morning.
It was exactly nine o'clock.
Just walked in, not long.
Wang Lin walked in.
"Mr. Chen, let me tell you some news"
Wang Lin said with a mysterious face.
"what?"
Chen Feng was still a little surprised, wondering what this kid was trying to say.
"Let me show you the news this morning"
Wang Lin immediately took out the phone.
When Chen Feng saw it, he almost laughed out loud.
Fortunately, I held back.
It turned out that what Wang Lin showed him was nothing but GME stock.
"I see"
Chen Feng replied lightly.
"Mr. Chen, do you know that this stock has risen by [-]% in the past few days. It's really scary."
"Now, news all over the world is reporting on this stock"
"In a few days, you can earn six times the income, how terrifying it is"
"It would be great if it was me"
Wang Lin sighed.
"Oh, okay"
Chen Feng still responded lightly, as if he was not interested in Wang Lin's words at all.
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