Roaring Kitty's GameStop Trades Exploit SEC's Regulatory Gaps, Experts Warn: 'This Is Obviously Market Manipulation'
Portfolio Pulse from Benzinga Neuro
Keith Gill, known as 'Roaring Kitty,' is under scrutiny for his trading activities involving GameStop Corp. (NYSE:GME). Experts argue that Gill is exploiting regulatory gaps, potentially engaging in market manipulation. The controversy has intensified with concerns about his significant short-term position in GameStop options.
June 06, 2024 | 1:56 pm
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Keith Gill's trading activities involving GameStop have raised concerns about potential market manipulation. Experts highlight regulatory gaps and the risks associated with Gill's significant short-term position in GameStop options.
The news highlights potential market manipulation by a high-profile trader, which could lead to increased regulatory scrutiny and market volatility for GameStop. The significant short-term position in options adds to the risk, potentially impacting the stock price negatively.
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