Reported 4 months ago
Keith Gill, known as 'Roaring Kitty,' may face a ban by E-Trade for alleged market manipulation, sparked by his GameStop disclosures. Apex Fintech Solutions CEO Bill Capuzzi argues against this potential ban, suggesting it would reflect poorly on Morgan Stanley. He compares Gill's actions to established market practices and sees no wrongdoing, even expressing willingness to have Gill on the Apex platform. The situation echoes debates on social media's impact on trading, with Capuzzi highlighting changes in market dynamics and settlement times since the 2021 meme stock rally, asserting that Gill's actions align with transparency practices like 13-F filings.
Source: YAHOO