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The statement is issued as part of ESMA’s investor protection objective to safeguard retail investors, whose participation is key to the development of the Capital Markets Union.
Several recent episodes have seen certain US stocks experience high price volatility based on information shared on social media. Although market rules and structures are different in the European Union, it cannot be ruled out that similar circumstances may develop here.
The statement highlights the following issues:
Next steps
ESMA and the National Competent Authorities will continue analysing market events and consider adopting further initiatives aimed at preserving investor protection and market integrity as appropriate.