Meme stock investors are in an absolute uproar over a video released by the SEC and for good reason. The SEC released a “public service announcement” video that essentially was mocking meme stock investors and warning them to not invest in meme stocks and “do research” instead. Luckily for meme stock investors, Charles Payne, from Fox News Business didn’t miss the opportunity to call out this poorly played move by the SEC on behalf of all retail investors. Charles Payne comments,
“All right now, to assume that people are not doing due diligence or don’t understand risk is a real arrogant assumption. But mostly when I see this, I see a commercial for the establishment…”
CHARLES PAYNE IS A VOICE FOR AMC APES
Charles Payne has been a hero for retail investors as of late. He’s been a public figure with a large platform on his show “Making Money with Charles Payne” on Fox Business, who is not afraid to be a voice for meme stock investors like AMC and GME. Charles Payne has recently tweeted that he’ll be “ready to talk smack at $1,000” — referring to the AMC stock price. In a world where mainstream media has tried to scare retail investors into selling their meme stock positions, Charles Payne is exactly what the AMC, GME and other meme stocks need to stay strong. Payne is especially important right now, since it appears that the SEC doesn’t have the retail investors best interest at heart after all. Payne mentions in a reaction to the video released by the SEC,
“If the SEC really want to help, really wants to do their job stop making these insulting videos and do their job.”
Ironically, the description of the SEC, directly from the SEC website (SEC.gov) , states that their mission is the following:
“The SEC protects investors, promote fairness in the securities market and share information about companies and investment professionals to help investors make informed decisions and invest with confidence.”
Instead of the SEC actually attempting to do their job, they’ve resorted to making videos that are warning investors that meme stocks are dumb investments and people investing in meme stocks are not “doing research” or “due diligence”. Let’s not forget that these videos that have been produced cost money. Money to hire paid actors, video producers, video directors, camera crew, lighting audio and more. That being said, it’s clear that the SEC thinks it’s more valuable to spend time and money producing insulting retail investors, and assuming they don’t do research, than it would be to investigate and enforce large hedge funds and financial institutions to abide trading regulations.
WHAT CAN RETAIL INVESTORS DO TO HELP?
As always sharing information is key to keeping the meme stock communities growing and strong. Always sharing articles and information with other retail investors so everyone continues to buy and hold their positions — HODL! Retail investors have made it this far and there’s no change that the SEC videos are going to scare investors at this point. As always, AMC apes strongly believe that the MOASS is inevitable and it’s only a matter of time before short positions will need to be covered.