#MEMEAct MEME Act is a proposed bill in the United States aimed at regulating meme stocks and protecting retail investors. Here's a brief overview [8]:
- *Purpose*: The bill seeks to address concerns about market manipulation, volatility, and unfair trading practices related to meme stocks.
- *Key Provisions*:
- *Short Sale Restrictions*: The bill proposes restrictions on short selling meme stocks to prevent potential market manipulation.
- *Transparency Requirements*: It aims to increase transparency around short selling activities and meme stock trading.
- *Investor Protections*: The bill includes measures to protect retail investors from potential losses due to market volatility or manipulation.
The MEME Act reflects ongoing efforts to regulate and oversee the securities market, ensuring fairness and stability for all investors.