SEC Refuses to Confirm If Meme Stock Meta Materials Under Investigation After 2022 Trading Halt

Following a controversial trading halt in December 2022, SEC confirms if Meta Materials is under investigation.

The Securities and Exchange Commission in Washington, on March 23, 2023. Richard Moore/The Epoch Times

Meta Materials, a functional materials and nanocomposites producer that became a darling of the meme stock community, may or may not be under investigation by the Securities and Exchange Commission (SEC), says Chair Gary Gensler.

Late last year, Meta Materials was targeted by retail investors after gaining the attention of meme traders. Shares rallied as much as 143 percent over three months, topping $2.