Massachusetts regulator launches probe against Keith Gill, aka Roaring Kitty
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- Опубликовано: 17 окт 2024
- GameStop (GME) investor Keith Gill, or "Roaring Kitty," is under regulatory scrutiny. The Massachusetts Securities Regulator launched a probe into Gill's GameStop trading activity and social media use after the Reddit account associated with the trader revealed a huge stake in GameStop, causing its shares to surge. Defense attorney and former SEC Enforcement Division Chief Lisa Bragança joins Catalysts to discuss the investigation.
Bragança explains that regulators will seek information about whether Gill's actions amount to market manipulation. To do so, they will investigate his public actions, such as posting memes, and his private conduct in search of an "insidious purpose," the attorney explains. She adds that regulators will look to see if he is coordinating with anyone else to orchestrate a "pump and dump."
The attorney points out that purchasing 20% of a public company and disclosing that stake is "just disclosure." In general, the attorney would advise investors to disclose before they intend to sell so the market can absorb the information. This tactic could help an investor avoid regulatory scrutiny.
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The criminals are scared
And they’re getting away with murder per usual.
You mean the billionaires & hedge funds
So they investigate him but not the hedge funds 👍🏼
😂🎉👍😯
Nothing Illegal in what he is doing.
Literally the exact same thing Berkshire Hathaway Warren Buffet did when he disclosed he purchased Chubb.
@@tradingacademics as well as his Apple position
there is potential pump and dump.
let's hope the government has our backs if we do lose money
@@tradingacademics he is legally obligated to disclose his purchase in chubbs he actually petitioned to delay when he had to disclose it
Most probably his has licence or certification for sure
It will be a problem if he exercises his calls? give us a break. Let the people trade
Yeah a problem they've created.
Call is not a stock and he will never find buyers so he will be forced to hold them till Jun 21st.
It will be a problem only because the hedge funds will lose money having to deliver the stock at the higher price. It's a club and Kitty ain't in it.
@@0101-s7v Sure if your premise holds true. However today's session alone reached 40% of the way to reaching the levels that have future potential to destroy Gill's calls
@@jdoyle4811 Ummm, exercising calls means he is buying a huge amount of the stock at the pre-determined strike price around $20. It's the opposite. An option is a CONTRACT to buy the stock at the agreed upon price on or before said date. He won't need to find buyers. THEY will need to find sellers. To be completely balanced though I wonder how much cash or margin he has to buy that much. It's not a cheap purchase if/when he exercises.
GME to the moon!
The hedge funds cannot stop it!
GME to Death Valley on June 7th 2024 anyway
All he has to do is change his screen name to Peolsi. He will never be investigated
He should change his name to N. Pelosi if indicted.
"He posted on the no reverse card. Who knows what THAT means." I don't know. Investigate him!
SEC needs to investigate naked short selling instead.
Why would he have to disclose the exact day he plans on selling or exercising the calls? If a company is going to do a share offering or a share buy back, don't they just have to announce they plan to do it in the future and have a very large timeframe for when to do it? I don't see why an individual investor should be any different.
because said businesses/people disclose this BEFORE the trade BEFORE!!!! when a company comes out and says we diluting you by 1billion and we want to exercise when we want that is a disclosure field before the actual move. Its literally exactly what the lady said. As he didnt disclose first the large trade he must disclose his action BEFORE the move.
The SEC needs to focus on Congress!!
There is no case against him. He's literally just posting his positions at this point without posting a single word. What the stock price does in response to that is out of his control. He doesn't have to disclose that he's going to exercise his options because literally nobody does that. Nobody who buys options is under any legal obligation to disclose what they're going to do with them. Is the SEC now going to require every options trader to disclose their future plans on the options? Of course not, so why would it apply to him?
I will say that tomorrow at his livestream will be interesting. He will most likely say a few words, which will definitely be under a lot of scrutiny. If I were him, I would be very careful about what he says tomorrow. I think the best thing for him tomorrow is to continue doing what he's been doing: show but don't tell.
Is this market manipulation? Give me a break. The nerve 1:38
So I guess if I disclose my position, then I'm a criminal?
Hundreds of CEOs from hundreds of companies sell tens of millions of shares of stock all the time and they don't "announce" ahead of time to anyone. But if one dude sitting in his living room doesn't announce exactly what he's going to do, he must be investigated. Right.
Why are they going after him again? Doesn't make any sense there is shortsqueeze reddit doing the same stuff. The whole object of the stock market is to make money, buy low sell high
How about a Probe against The Massachussets Regulator???
If it wasn’t for the illegal short selling of a completely ridiculous amount that went on with GME none of this would be happening! It’s been 3 years and they still haven’t learned. It’s incredible that some dude barely posting on social media is getting all of the attention and scrutiny! If that isn’t bass ackwards I dk what is! 🤔🤔
did she removed the "ape stronger together" poster? why? hahahahaha
she doesn't want to be probed by the Massachusetts regulator
Wait Nancy doesn’t let anyone know when she’s selling and in fact we don’t find out for weeks even longer 🤔🤨
thanks for coming on and mumbling Lisa. The options have a price and an expiration date. What else is there to disclose?
Oh yea don't go after Cramer and friends or WallStreetBets which has ties to Citadel
In other words, if you make money, we're gonna come after you.
Not if it tanks and people lose big who bought high.
The hell become infamous like Ryan Cohen.
keith gill is not stupid and he knows what he is doing and he is owning those mfers short sellers😂😂😂😂
So you want him to disclose when he will sell so the market can adjust? Hedges do it all the time why do they not have to disclose? You advise him to so hedge funds don’t lose millions.
He is clearly manipulating the market...he can try on NVDA
He didn’t do anything wrong but show people his position. Criminals dropped it on purpose. Look at the blue sheets.
This lawyer does not have any idea of what she is talking about....
If he exercises his calls that will be a problem? You want him to let them expire????
she doesn't know what an uno reverse card is....
So, it's okay for Cathy Wood, Cramer, and other whales in the market to talk about stocks they like? But suddenly some normal guy who outplayed the market makers at their own games, using their own rules gets grilled? I'm not a normal follower of Keith Gill nor do I have any money in GME. But I can sure respect the position he's playing. Seems like he's setting a honey pot trap for short positions trying and trying to lure bigger shorts in. They think he's a fool with his livestream act but they miss the bigger picture. He isn't hurting anyone; he's playing a relatively mid-cap stock and the big guys are freaking out? Say's a lot about Wallstreet egos right there.
If they take any action and stop him, it's just once again confirming corruption
Ridiculous. “Real” traders do this every day.
imagine selling 12M shares worth of uncovered calls to this absolute legend.
They deserve everything coming their way
They buy stock to be delta neutral. So they don’t lose anything. That’s how gamma squeezes happen because MM have to buy so much stock.
Do hedge funds disclose they are going to sell? What a bunch of nonsense
MPW is better than GME with 34% 0f shares shorted, and MPW's dividend yield is 13%
What did he know and when did he know it?
Why bow out to "spend time with your family?"
Head fund manager go on tv and do that all the time.
LOL...I would be embarrassed if I were a officer of the court going after a regular Joe like Gill, they should be going after the giants, but Joe blow is easy pickins, and frankly it is hard to understand what the violation is. This will just make a great sequel to the first movie.
SEC is sooooo scared right now......
Dislose that he's selling. 😂😂😂
They make all these assumptions 😅
Let the people trade!!
Funny as the market makers are counterfeiting shares and selling FTD’s that they never find or disclose
What a shocker, Taxachusetts is first in line to complain.
GOOD advice - announce yur gonna sell, and when, BUT if he does, stock price will drastically sell off, and he may NOT wnat to sell. Did you think about that?
how much money has this lady received in lobby donations?
"If he sells and makes money then it's market manipulation"
Who is "paying her"?
Yet they do nothing about politician insider trading. I just can't figure out how moron politicians out preform hedge funds... it's so confounding
NO CELL NO SELL
KG, We got your back.
Haha the crooks are getting scared
By this logic Cathy wood should be in prison lol
So when they do it it's ok but when he does it they want him jail..m
What a crock! The true criminals are mad they losing that money! Is this a pump and dump? What is short selling?
Why does he need to disclose before selling? He really doesn't. He can do whatever he wants
No market manipulation. He has done nothing wrong
And this is why politicians want to regulate social media.. can't let the public control a narrative
F the hedge funds and big banks
Tweet a uno card is illegal ?
This B is crazy.....He's gonna exercise his options whenever the FK he wants too
Wrong again he still holding and he may just disclose tomorrow
dont exersize all the calls at once or they will halt the stock and we get fucked. if that matters lol. If he wanted to exercise the options im sure he has that all figured out by now.
She sounds ridiculous though
Posted memes is illegal ?
So what is he supposed to do, not exercise them and let them become worthless??? :S absolute nonsense, Yahoo Finance need to back off because the consumers will just turn against you like they will ETrade, your choice :S
he is not obligated to buy the stock; he has the option to buy the stock. The seller is obligated to sell him the stock if he so chooses.
When lambo
Yeah Right tell Wallstreet to start printing me some Money
The only manipulators here are the badge founds
Let the haters hate
It's a right not an obligation lol
It would be negligent to NOT investigate him based on his moving securities. It is far better for the government to do the policing than for brokers (as suggested by WSJ story).
The probe does not assure a case will be brought against him or won.
Skyak should be bankrupt, sure we can find something, charge him $250,000 bond for manipulating market for commenting on this youtube post. Same thing.
Should you be in prison for no reason? Should you be debanked, kicked from broker, slandered, and investigated?
You are fine with law violations and have no honor or respect for civil rights.
You will lose money with that level of poor thinking
@@jayvander7156 The case that needs to be brought is the trading of social media manipulation. Cultivating a mob of trolls like yourself pushing fake narratives and abusing everyone offering reality is just Pump and dump with a crisscross.
As for me, I like the stock!
what a joke of an interview, I got some options too and I ain't disclosing sh*t
There’s always a problem when simple people trying to make some money and if things go wrong for Wall Street anybody is guilty but not they. This scheme was built hundreds of years ago and we as simply humans being can’t do anything about it. I hope from the deep of my heart that Wall Street and all corruptions falls down this time
"if he sells his calls or exercises his calls then that may be a problem"...then wtf is he supposed to do with them🤣 The powers that be really are scared.
The real crooks a re just jealous
More anger at RK than at the entire history of insider trading within Congress.
all he did was post some memes lmao
Yep….Straight money grab 😂
Good, this dude should go to jail along with all the politicians.
Ouch did you buy a put or sell a call? And now you need to open up your black bbook and call some clients to ask for money?
It's ok for Institutional investors and politicians to manipulate the stock market and also inside trade, but not retail investors. Everytime "Smart Money" loses money they make a big deal about it. Apparently only retail investors are supposed to lose money and not make it.
Classic pump and dump. Time this dude to get banned from trading.
Guess u getting wrecked 🤣
All he seems to be doing is exposing short sellers, which could be institutions or major players. If If were a large shareholder I would sell a huge amount of my shares when it runs up like this. I can always buy the shares back later at a lower price. When a stock runs up like this and is greatly overvalued, you dont want to be the last one out when the party stops
see u at the jacoozi on the moon