Regulators Turn Up The Heat On 'Roaring Kitty' Over Recent GameStop Trading Activity: What You Need To Know
Portfolio Pulse from Adam Eckert
Massachusetts' top securities regulator is investigating Keith Gill, known as 'Roaring Kitty,' for potential manipulation in his recent GameStop trading activities. E-Trade is considering banning Gill from its platform. The U.S. SEC is also looking into recent options trading in GameStop. GameStop stock fell over 3% following the news.
June 04, 2024 | 5:29 pm
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GameStop is under scrutiny as Massachusetts' top securities regulator investigates Keith Gill for potential manipulation. The U.S. SEC is also looking into recent options trading. GameStop stock fell over 3% following the news.
The investigation into Keith Gill's trading activities and the SEC's probe into recent options trading create uncertainty around GameStop. This regulatory scrutiny is likely to negatively impact investor sentiment, leading to a short-term decline in the stock price.
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