GME YOLO is MIA

IANAL, but I did watch all seasons of Boston Legal. Will he be sued? Most likely, after all this is America. For some kind of missed compliance shit. Had he been just an average stock enthusiast, he could have got away with it.

Will he get screwed? 10-15MM can buy lots of good lawyers. He could lose his license but I don't think he cares about that, and could get a smaller fine.(like half million) But I don't think they are going to take most of his winnings.

That is my guess, and I am sticking to it.

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"But Mr. Gill’s former employer, MassMutual, has told securities regulators in Massachusetts that it was unaware that Mr. Gill had spent more than a year posting about GameStop on social media, online message boards and YouTube. The insurer also told regulators that had it known about Mr. Gill’s outside activities, it would have asked him to stop or possibly fired him."

"Licensed professionals have an “obligation” to inform their employers about their outside activities, said William Galvin, the Massachusetts secretary of the commonwealth."

https://www.nytimes.com/2021/02/03/business/roaring-kitty-gamestop.html

G4aVE3j
 
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Butterfly said:
too long to list and explain them here,

top of my head they are:

market manipulation, price manipulation, false "advertising", failure to clients duty, failure to employer duty, failure to fair representation of risk, failure to disclose conflict of interests, failure to disclose level of risk, failure to disclose all kind of stupid shit he should have known better :)
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So he did the same that every hedge fund manager, trader or advisor did whenever they discussed their positions on TV, wrote an article on Seeking Alpha, wrote a blog post, were featured on a podcast, participated in a chatroom, sent an email to subscribers, owned any type of financial website, etc.

While you're unable to cite even a single paragraph of any law where doing any of that means jail, or provide names of people currently sitting in jail for any of the above "crimes".
(he may not care about being a CFA)
 
Butterfly said:
What happened? Roaring Kitty has gone missing since Feb 3, which is it?

1. He got the SEC letter
2. He retained counsel and was told to shut the fuck up
3. He cashed in and left the country

he is soooooo fucked!!! :)

MAGA !!!
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WHY are you so happy something bad happens to WSB? I know you are just here to troll but your unnecessary and appalling apathy is ridiculous.

Where WSB is is none of your damn f***ing business! And FYI Keith Grill did not get any SEC letter. He has been requested to testify in Congress. That's not the same thing.
 
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Butterfly said:
too long to list and explain them here,

top of my head they are:

market manipulation, price manipulation, false "advertising", failure to clients duty, failure to employer duty, failure to fair representation of risk, failure to disclose conflict of interests, failure to disclose level of risk, failure to disclose all kind of stupid shit he should have known better :)
More...

Those are all not valid as pointed out to you numerous times before. What else?
 
If Gill is guilty then Ackman should already be in jail for his chicken little routine he did on CNBC that resulted in a $2.6B gain last year. Andrew Left and Carson Block use tv networks to promote their shorts and most of the time there is an immediate reaction in the stock price in their favor. Of course Left learned the hard way on GME, like Ackman did on Herbalife, that the big boys may just take the other side of the trade and cause some real pain.
 
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Butterfly said:
What happened? Roaring Kitty has gone missing since Feb 3, which is it?

1. He got the SEC letter
2. He retained counsel and was told to shut the fuck up
3. He cashed in and left the country

he is soooooo fucked!!! :)

MAGA !!!
More...


You're a f*cking idiot. I just had to let you know.

Kitty can't sell bc his paper-traded position (you would know about that) was solved from legit time and sales data. He needs size from those strikes to trade to allow him to co-opt that size as his own. The problem is that those strikes didn't trade any size when the shares were flying.

His fraud will come to light in the SEC investigation. He never held 1/100 the size he said he controlled.
 
destriero said:
...
Kitty can't sell bc his paper-traded position (you would know about that) was solved from legit time and sales data. He needs size from those strikes to trade to allow him to co-opt that size as his own. The problem is that those strikes didn't trade any size when the shares were flying.
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So you are saying that those Apr 16 2021 calls, he could not dump at all because there was no volume at those strike prices?

Couldn't he exercise and then sell the stock right away?
 
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