E*Trade considering removing Keith Gill from platform: Report

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E-Trade, the trading platform owned by Morgan Stanley (MS), is considering removing GameStop trader Keith Gill from its platform due to concerns about potential market manipulation, according to a report from The Wall Street Journal. Gill rose to fame as "Roaring Kitty," the meme stock trader that fueled the rally in GameStop (GME) shares in 2021. On Sunday night, a social media account linked to Gill posted a screenshot showing a trading account with a $175 million stake in the video game retailer. The post sent GameStop shares surging 21% on Monday. The report says those inside E-Trade are debating whether the account's actions count as manipulation and what sort of backlash the company could face if they remove Gill from the platform. #youtube #news #stocks About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance

Published 2024-06-03 · Watch on YouTube ↗
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