On June 4th, it was reported that the YouTube live streaming host "Roaring Kitty" (Keith Gill), which once helped drive the stock price of GameStop, may be removed from the retail stock trading platform ETrade. ETrade, owned by investment giant Morgan Stanley, is "increasingly concerned that there may be stock manipulation in his recent purchase of GameStop (GME) shares," according to people familiar with the matter. With a new flurry of activity on GME, ETrade appears to be considering stopping Kitty's trading. According to the Reddit post, if his latest bet - that GME shares will be worth more than $20 on June 21st - proves to be true, he will make a fortune. Those who follow him will also benefit.
Morgan Stanley has hired a financial crimes unit and outside advisers on the matter, but the company knows that taking action would mean "getting the attention of his army of memes," and Morgan Stanley employees are concerned that closing Kitty's account could cost the company ETrade clients. Today alone, Roaring Kitty accounts are up 48 percent, or about $85 million, according to investment tracker @unusual_whales on Twitter.
Wall Street Journal: Roaring Kitty may face a ban on stock trading platform ETrade
2024-06-04 01:08:10
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华尔街日报：Roaring Kitty或面临股票交易平台ETrade禁令
