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January 29 2021 12:02pm

SEC reviewing GameStop stock frenzy amid market volatility: White House

White House press secretary Jen Psaki on Friday said the SEC (Securities and Exchange Commission) is reviewing the current volatility of the GameStop stock after it rose over a thousand per cent since the beginning of the year following a boost from by small investors on discussion threads such as “WallStreetBets” on Reddit for driving the surge.

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