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E-Trade is debating whether to ban meme stock star Keith Gill from its platform, WSJ reports - TL;DR CNBC

E-Trade is debating whether to ban meme stock star Keith Gill from its platform, WSJ reports

Publishing timestamp: 2024-06-03 17:47:10


Summary

E-Trade is considering banning meme stock trader Keith Gill from their platform due to concerns of market manipulation after he disclosed a big position in GameStop. Gill, known as "DeepF------Value" on Reddit, holds 5 million shares of GameStop and 120,000 call options. Gill's account activity is being monitored by Morgan Stanley's financial-crimes unit.


Sentiment: NEUTRAL

Tickers: MSGME

Keywords: gamestop corpmarketsstock marketswall streetbreaking news: marketsbreaking news: investingbreaking news: businessinvestment strategymorgan stanleybusiness news

Source: https://www.cnbc.com/2024/06/03/e-trade-is-debating-whether-to-ban-meme-stock-star-keith-gill-from-its-platform-the-wsj-reports.html


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