The trading platform is considering unplugging the network cable of the "leading big brother" of US retail investors
2024-06-03 20:10:20
E * Trade, a trading platform, is considering informing Keith Gill, a leading US retail investor, that he will no longer be able to trade on the platform, according to a person familiar with the matter. The move follows growing concerns about stock manipulation stemming from Gill's recent purchase of GME. N options. Gill bought a large number of GME. N options on E * Trade before reigniting the "meme stock" craze in May, the person said. Over the weekend, Gill posted a screenshot of his E * Trade account showing that he owns $115.70 million worth of shares and a set of options expiring later this month. His total gain on the position was $6.86 million.
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