What do you think will happen first: GameStop and AMC become the first in a long chain of stock pumps that shake confidence in the market, leading to a crash, or the SEC starts making calls?
What they’re doing is probably as legal as what the short sellers do. Doesn’t mean the rich and powerful won’t do something about it.
A lot of them try to portray this as “the commoners” going against the rich. They have money to do something like this. They are not commoners. In the same class, yes, but none of them will use the money they get for good because they think they’re in a class with the rich.