Reported 4 months ago
A former SEC lawyer explains the recent scrutiny surrounding Roaring Kitty's GameStop posts, discussing whether they qualify as market manipulation and potential legal implications. Keith Gill's return to social media and the resulting GameStop price swings have raised questions about his social media activities and if they violate any laws. Regulators may investigate whether he intentionally influenced investors for personal gain. The SEC chair emphasized the importance of avoiding manipulative or misleading actions in the market, sparking discussions on the legality of sharing stock information and making predictions.
Source: YAHOO