Reported 4 months ago
E-Trade, owned by Morgan Stanley, is contemplating removing GameStop trader Keith Gill, also known as 'Roaring Kitty,' from its platform over concerns of potential market manipulation. A report from The Wall Street Journal states that internal discussions are ongoing at E-Trade and Morgan Stanley regarding Gill's actions, including a recent post showing a $175 million stake in GameStop that caused a 21% surge in the stock. The company is deliberating the implications of removing Gill amidst fears of backlash from his followers and potential regulatory scrutiny.
Source: YAHOO