US SEC says it is evaluating stock volatility -statement
“Nevertheless, extreme stock price volatility has the potential to expose investors to rapid and severe losses and undermine market confidence”
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst/File Photo
The US Securities and Exchange Commission on Friday said it was closely monitoring potential wrongdoing amid recent price volatility in the US stock market, and warned against illegal "manipulative trading activity."
"The Commission is closely monitoring and evaluating the extreme price volatility of certain stocks' trading prices over the past several days. Our core market infrastructure has proven resilient under the weight of this week's extraordinary trading volumes," it said in a statement. "Nevertheless, extreme stock price volatility has the potential to expose investors to rapid and severe losses and undermine market confidence."
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