E*Trade is reportedly considering telling meme stock trader Keith Gill that he can no longer use its trading platform over concerns of stock manipulation.
The trading platform is reportedly concerned that the veteran meme stock trader could use his influence to pump his own GameStop holdings.
They’re also worried removing him could draw negative attention to it and others might close their E*Trade account in solidarity with Gill. No decision has been made and the firms could decide to do nothing, the Journal reported.Weeks later on June 2, Gill posted to Reddit for the first time since 2021 to share a screenshot apparently showing he’sGME rallied over 19% in Sunday night trading after Gill’s post. On Monday, June 3, it closed up 21% at $28 and climbed nearly 8.
People familiar with the regulator's efforts told the Journal that the Securities and Exchange Commission is also reviewing GameStop call options trades around the time of Gill’s X posts.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
E*Trade Looking to Drop Roaring Kitty Following GameStop Posts, Report SaysIs Roaring Kitty's return going to be a short one?
Read more »
GameStop Stock Soars Amid 'Roaring Kitty' Meme Stock RallyTrading was halted multiple times after Keith Patrick Gill, known for igniting GameStop’s massive 2021 rally, resurfaced online after a long hiatus
Read more »
Gaming tokens set for rally after Roaring Kitty ignites a surge in GameStop stockGaming tokens are gearing up for a rally after posting gains on Monday as Roaring Kitty revealed his hefty bets on GameStop.
Read more »
GameStop Stock Soars Again After New Roaring Kitty PostThe ultimate meme stock doubled after its biggest booster suggest on social media that he has a big position
Read more »
GameStop Stock Soars (Again) as Influencer Roaring Kitty Makes ComebackGameStop stock soared to 110% Monday ... all thanks to a cryptic social media return from viral day trader Roaring Kitty -- who memorably caused this to happen a few years ago.
Read more »
GameStop shares soar after meme stock trader ‘Roaring Kitty’ resurfacesThis is additional taxonomy that helps us with analytics
Read more »