{"id":193769,"date":"2021-03-03T21:40:13","date_gmt":"2021-03-03T18:40:13","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/gamestop-booster-roaring-kitty-testifies-before-regulators\/"},"modified":"2021-03-03T21:40:13","modified_gmt":"2021-03-03T18:40:13","slug":"gamestop-booster-roaring-kitty-testifies-before-regulators","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/gamestop-booster-roaring-kitty-testifies-before-regulators\/","title":{"rendered":"#GameStop booster ‘Roaring Kitty’ testifies before regulators"},"content":{"rendered":"

“#Game<\/a>Stop booster ‘Roaring Kitty’ testifies before regulators<\/strong>”
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Keith Gill, the social media<\/a> persona known as \u201cRoaring Kitty,\u201d whose online posts helped spark January\u2019s trading frenzy in GameStop shares, app<\/a>eared before Massachusetts securities regulators on Wednesday to testify as part of an examination into his activities.<\/p>\n

Massachusetts Secretary of the Commonwealth William Galvin, the state\u2019s top securities regulator, last month subpoenaed Gill, who touted GameStop stock in his spare time while he was a registered broker and working at the insurer MassMutual.<\/p>\n

He was a key figure in the so-called \u201cReddit rally,\u201d which saw shares of GameStop surge 400 percent in a week before crashing back to pre-surge levels. Galvin\u2019s spokeswoman said Gill was giving testimony virtually in response to the subpoena.<\/p>\n

William Taylor, Gill\u2019s attorney at Zuckerman Spaeder, declined to comment.<\/p>\n

Gill, 34, began sharing his positions on Reddit\u2019s popular Wallstreetbets trading forum in September 2019, posting a portfolio screenshot indicating he had invested $53,000 in GameStop.<\/p>\n

By late January, Gill, known as \u201cRoaring Kitty\u201d on YouTube and \u201cDeepF***ingValue\u201d on Reddit, was up over 4,000 percent on stock and options investments in the company, with his GameStop position plus cash worth nearly $48 million, according to his Reddit posts.<\/p>\n

Gill testified before the House Committee on Financial Services on Feb. 18 that he remained \u201cas bullish as I\u2019ve ever been on a potential turnaround for GameStop.\u201d<\/p>\n

While trading in GameStop, Gill worked at MassMutual in a marketing and financial education job and was a registered financial broker in Massachusetts.<\/p>\n

Galvin\u2019s office said that MassMutual has told regulators it was unaware of Gill\u2019s outside activities. He left MassMutual in late January and is no longer a broker registered with the Financial Industry Regulatory Authority.<\/p>\n

The broker-dealer arm of MassMutual on Friday filed a termination notice for Gill with FINRA and said an internal review of his \u201coutside activities\u201d was ongoing.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#GameStop booster ‘Roaring Kitty’ testifies before regulators” Keith Gill, the social media persona known as \u201cRoaring Kitty,\u201d whose online posts helped spark January\u2019s trading frenzy in GameStop shares, appeared before Massachusetts securities regulators on Wednesday to testify as part of an examination into his activities. Massachusetts Secretary of the Commonwealth William Galvin, the state\u2019s top…<\/p>\n","protected":false},"author":1,"featured_media":193770,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/03\/roaring-kitty-testifies-massachusetts.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[95984,72128,72667,70939,5005,72388],"class_list":["post-193769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-3-3-21","tag-gamestop","tag-investors","tag-massachusetts","tag-reddit","tag-stock-market"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/193769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=193769"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/193769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/193770"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=193769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=193769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=193769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}