SEC Releases Statement: “we will act to protect retail investors when the facts demonstrate abusive or manipulative trading activity”

The SEC has just released a statement on the recent market volatility. Will the SEC, or the CFTC, be forced to open the can of worms that is silver?

(by Half Dollar) The government can only ever do one of two things: It can get in the way, or it can get out of the way.

That’s pretty much it.

And when it comes to agencies like the CFTC, or the SEC, well, they pretty much only ever get in the way, and today, the SEC has decided to get in the way some more, under the guise of doing something good, of course.

Do Joe Deplorable and other market “participants” really think the SEC is looking after the interests of “retail investors”?

I don’t think so.

I think they’re only looking at further enriching themselves and their bestest buddies in Washington and on Wall Street.

But I digress.

From the SEC just this morning (bold added for emphasis and commentary):

Statement of Acting Chair Lee and Commissioners Peirce, Roisman, and Crenshaw Regarding Recent Market Volatility

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. Nevertheless, extreme stock price volatility has the potential to expose investors to rapid and severe losses and undermine market confidence. 

As always, the Commission will work to protect investors, to maintain fair, orderly, and efficient markets, and to facilitate capital formation. The Commission is working closely with our regulatory partners, both across the government and at FINRA and other self-regulatory organizations, including the stock exchanges, to ensure that regulated entities uphold their obligations to protect investors and to identify and pursue potential wrongdoing. The Commission will closely review actions taken by regulated entities that may disadvantage investors or otherwise unduly inhibit their ability to trade certain securities.

In addition, we will act to protect retail investors when the facts demonstrate abusive or manipulative trading activity that is prohibited by the federal securities laws. Market participants should be careful to avoid such activity. Likewise, issuers must ensure compliance with the federal securities laws for any contemplated offers or sales of their own securities.

The Commission will continue our work on behalf of investors and the markets. In this regard, we hope to facilitate a robust public dialogue among market participants and investors on the structure and operation of our securities markets. Members of the public can submit tips or complaints through the Commission’s website using this online form. Members of the public with questions should contact the Commission’s Office of Investor Education and Advocacy at 1-800-732-0330, ask a question using this online form, or email us at [email protected].

Oh, the irony here, and the frustration of a Silver Bug.

It’s too bad all of the so-called gold & silver “advocates” are feeding the Beast by loading up on call options and what not instead of just adding more physical to their stacks.

Because you can’t “end the manipulation” if you are gambling in their rigged casino, you know!

To the contrary: You are maintaining the market manipulation, the market rigging, and the price suppression by participating.

Now, to not turn this article into a rant against greedy, selfish, two-faced, phony people who say “end the manipulation” on Monday while saying “I’ve loaded up on call options” on Tuesday, let me go ahead and make my overall point by asking the real question here: In light of what has been happening this week, will the SEC, or the CFTC, or whoever, be forced to open the can of worms that is the silver “market”?

I think they’ll avoid that can at all costs, so I’m not holding my breath.