Last week’s stock market turmoil sparked a probe by US financial regulators into whether market manipulation was involved, but lawyers doubt it will lead to prosecutions.
The Securities and Exchange Commission announced on Friday it was looking into what happened when users of Reddit chat rooms drove shares in a handful of companies — including the games retailer GameStop — dramatically higher.
But while retail investors succeeded in squeezing large institutional investors, experts do not believe their actions are likely to amount to market manipulation.
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