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
Keywords: gamestop corp, markets, stock markets, wall street, breaking news: markets, breaking news: investing, breaking news: business, investment strategy, morgan stanley, business news,