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Roaring Kitty' Ex-Employer Fined $4M Over GameStop Posts

TheRoarOfTheCrowdTheRoarOfTheCrowd Member, Swaye's Wigwam Posts: 1,730 Founders Club
edited May 2022 in Tug Tavern
Roaring Kitty' Ex-Employer Fined $4M Over GameStop Posts

A MassMutual investment wing will pay Massachusetts' securities regulator $4 million to resolve claims that it failed to supervise its agents, including Keith Gill, who fomented the trading frenzy around GameStop and other meme stocks under the online persona "Roaring Kitty."
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Comments

  • doogiedoogie Member Posts: 15,072
    Life Insurance agents have no business doing what Cramer does on a TV show every single day and must be stopped.

    there ruining Everything
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  • TheRoarOfTheCrowdTheRoarOfTheCrowd Member, Swaye's Wigwam Posts: 1,730 Founders Club
    edited September 2021
    Well there are very specific SEC regulatory and NASD rules against creating and distributing "advertising" messaging [in all forms] which seeks to hype stocks or securities in an artificial manner [not based on technical and / or fundamental analytics] as well as rules against promoting "acting in concert" for the sole purpose of market manipulation.

    When the actions are obvious and "abusive" they will prosecute as they did with Roaring Kitty ~ the purpose of which are to maintain a marketplace where the rule of law defeats attempts at obvious "pump and dump" pyramid marketplace price manipulation.
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