Monday, December 5 2022


FILE PHOTO: Keith Gill, an online individual investor in GameStop, testifies in a fully virtual hearing of the US House of Representatives Financial Services Committee titled “Game Stopped?” Who wins and loses when short sellers, social media and retail investors collide? In Washington, USA, February 18, 2021. House Committee on Financial Services / Document via Reuters

WASHINGTON (Reuters) – Massachusetts financial professional who gained notoriety as a GameStop “Roaring Kitty” bull is no longer a registered brokerage with the Financial Industry Regulatory Authority, according to the organization’s online files .

Keith Gill, known as Roaring Kitty on YouTube and DeepF *** ingValue on Reddit, has not been a registered financial broker since February 26, FINRA records show. Gill became a central figure in a trading frenzy in January in which shares of the struggling video game retailer jumped more than 1,000% in two weeks, driven by retail investor interest in the forums in line.

Gill, who did not immediately respond to a request for comment, is no longer authorized to act as a broker buying and selling securities on behalf of clients or as an investment advisor providing securities advice to clients . He had been registered as an agent for MML Investors Services LLC, the brokerage arm of MassMutual.

MML Investor Services filed Gill’s termination request with FINRA on Friday, indicating that an internal review of its “outside activities” was underway. A spokesperson for MassMutual did not immediately respond to a request for comment.

Gill’s last employment date for the company was January 28.

A spokesperson for FINRA said a person’s registration is terminated when they are no longer employed by a registered company. She declined to comment on specific people.

Last month, Gill was prosecuted for allegedly breaking securities laws and causing “huge losses” to investors. He refuted claims he violated laws in his testimony to lawmakers. His online brokerage profile now points to the ongoing litigation, as well as an ongoing investigation by Massachusetts financial regulators.

Gill is expected to appear before Massachusetts regulators later this week.

Reporting by Chris Prentice; Additional reports by Nate Raymond; Editing by Dan Grebler



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