E*Trade Considers Removing Keith Gill Following GameStop Options Purchase

Monday, 3 June 2024, 19:59

E*Trade is contemplating suspending Keith Gill's access to its platform after his significant purchase of GameStop options, as reported by WSJ. This move comes in the wake of Gill's role in reigniting a meme stock craze earlier this year. The report highlights the potential repercussions for online retail investors and the evolving dynamics between brokerage firms and individual traders. Overall, the scrutiny on Gill's trading activities raises questions about platform regulations and risk management in the digital trading landscape.

https://store.livarava.com/4532f60d-2231-11ef-a3fb-9d5fa15a64d8.jpg — E*Trade Considers Removing Keith Gill Following GameStop Options Purchase

E*Trade Considers Removing Keith Gill

Shortly before Gill reignited a meme stock craze in May, he bought a large volume of GameStop options on E*Trade, the Journal's report said, citing people familiar with the matter.

E*Trade-parent Morgan Stanley declined to comment on the report.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

E*Trade Considers Removing Keith Gill

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