Friday, October 22 2021

One of the biggest names in GameStop’s history of 2021 has lost its financial license.

What happened: Keith Gill is known by many names to investors and fans of GameStop Corp (NYSE: GME). His name is Roaring Kitty and is also known as DeepF *** ingvalue on Reddit.

Gill found himself in the middle of GameStop’s story after posting big gains from buying the stock ahead of its 1,000% increase.

Gill was later revealed to be a registered financial broker.

Gill is no longer licensed as a financial broker, according to a Monday report from Reuters.

Related Link: Wallstreetbets Trader Keith Gill Appears To Have Purchased 50,000 More GameStop Shares

Why this is important: Gill was registered as an agent with MML Investors Services LLC, a brokerage arm for Mass Mutual. The company has filed a termination request with FINRA to withdraw Gill’s brokerage license.

The internal review cited “outside activities” as the reason for the filing. Gill’s last working day at MML Investors Services was January 28.

See also: How to‌ ‌to‌ Buy‌ ‌GameStop‌ ‌ (GME) ‌ ‌Stock‌

Registrations are terminated when a person is no longer employed at a registered company, a FINRA spokeswoman told Reuters.

Gill was sued last month, charged in a class action lawsuit with violating safety laws and causing “huge losses” to investors.

Gill is expected to appear before Massachusetts regulators later this week, according to the Reuters report.

GameStop shares were trading up 0.15% to $ 120.58 as of the last check on Tuesday.

photo by Mike Mozart via Wikimedia.

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


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