SEC says it’s monitoring market volatility, as Biden administration watches GameStop

The Securities and Exchange Commission said on Wednesday it was “aware of and actively monitoring current volatility in the options and equity markets,” in a statement that did not directly mention GameStop Corp. GME,
+ 134.84%.
Earlier Wednesday, the White House said it was monitoring huge moves by the company and certain other actions. Acting SEC Chairman Allison Herren Lee and other officials said they were working with other regulators “to assess the situation and review the activities of regulated entities, financial intermediaries and other market participants. “.