Massachusetts regulators subpoena GameStop bull ‘Roaring Kitty’

[Trader Curt]

I don't think it's illegal to tell others your stock bets. He discovered a vulnerability in the over leveraged short positions of GameStop stock and made the case public. Why should it be illegal?

So the SEC will look like they have a job for a reason

 

[trade2020]

But wasn't he like "let's all buy gamestop to drive these short sellers bankrupt!!!"? I don't like the regulators trying to come down on this guy at all, but that is quite a bit more than a calculated profitable bet.

Why is it any different than people that put up websites such as this to punish short sellers
www.killcvmshorts.com

 

[destriero]

It was all fiction. Dude had covered his vol-position in 2020.

 

[Pekelo]

Plus he was 24 which could be a problem if/when Finra gets involved.

How so? Is there a cut off age?

 

[ajacobson]

Series 24

 

[destriero]

They will hit pussy lips and his broker with a D&I subpoena and you're all going to look pretty stupid when the news hits that he didn't have any position.

 

[Overnight]

Why is it any different than people that put up websites such as this to punish short sellers
www.killcvmshorts.com

Because of his disclaimer at the bottom of his website.

"... WEBSITE CREATED BY A NUT JOB WITH TOO MUCH TIME ON HIS HANDS. THIS NUT JOB HAS SHARES OF CVM AND IS LONG. THIS NUT JOB ISNT BEING COMPENSATED FOR THIS SITE. THIS NUT JOB NEVER HAS BEEN COMPENSATED FOR ANY OF MY DUE DILIGENCE OR WORK RELATED TO CVM. ALL THESE OPINIONS ARE OF A NUT JOB..."

 

[PoundTheRock]

William Galvin is a 70-year old piece of shit who needs to retire.

We had a 3-year deal, and I ended up getting 7.

Regards,

PTR

 

[KevinBB]

... and the results are in. $4m fine ... probably a drop in the proverbial bucket.

Link to FT story https://www.ft.com/content/7ce3b9a4-1f86-4e49-a3cf-6b5a445fef0e

KH

 

[murray t turtle]

... and the results are in. $4m fine ... probably a drop in the proverbial bucket.

Link to FT story https://www.ft.com/content/7ce3b9a4-1f86-4e49-a3cf-6b5a445fef0e

KH

%%
4 million ,maybe, cant read anymore than headline.
Another news source /Markets Insider, notes =$4.5 million + 750k fine for failing to register 478 broker dealer agents. BUT that was one of the state that hired ''contract tracer '' for a virus that only kills less than 1%.....................................