The Massachusetts Securities Regulator is investigating Keith Gill, an investor known as ”Roaring Kitty,” in connection with trading activities related to GameStop (GME).<\/p>\n
That’s according to a report by NBC 10 Boston<\/a>, which said the office of Massachusetts Secretary of State Bill Galvin, who is the state’s top securities regulator, confirmed on Tuesday that it is investigating Gill, who is a resident of Brockton.<\/p>\n Separately, the Wall Street Journal reported that Morgan Stanley’s E*Trade is considering kicking Gill off its platform amid concerns over possible stock manipulation. Gill had posted on Reddit a picture of his huge holdings in GameStop (GME) stock, triggering a rally in the company’s shares and multiple meme coins linked to the company.<\/p>\n The WSJ also said that the Securities and Exchange Commission (SEC) is investigating options trading in GameStop. A spokesperson for the agency declined to confirm or comment on that, Reuters reported.<\/p>\n GameStop-related meme coins slumped. GameStop (GSTOP) is down 30% in the last 24 hours, GME plunged 23%, and Roaring Kitty (KITTY) slumped 8%.<\/p>\n Gill came into the spotlight in 2021 during the meme stock frenzy, and was a pivotal player in the short squeeze on GameStop. He remained notably quiet for three years before returning in May with a flurry of memes on X (Twitter).<\/p>\n pic.twitter.com\/jPVR41YSwD<\/a><\/p>\n — Roaring Kitty (@TheRoaringKitty) May 17, 2024<\/a><\/p><\/blockquote>\nKeith Gill And His Influence On Meme Stocks<\/h2>\n
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