what it means is that he is not listening to his counsel, or he is too dumb to understand what's going on, or simply he knows he is fucked, so might as well ride his YOLO until he goes to jail and goes with a bang for all his fans LOL
Roaring Kitty
- Thread starter syswizard
- Start date
what it means is that he is not listening to his counsel, or he is too dumb to understand what's going on, or simply he knows he is fucked, so might as well ride his YOLO until he goes to jail and goes with a bang for all his fans LOL
So all regulatory agencies are letting him continue to post even though you say it’s collusion, insider trading and whatever else? The SEC can’t shut down this alleged illegal action? Zzzzz wake me up when he is behind bars.
He is no longer an active registered representative. I'm not convinced it is illegal for him to post.
Everyone is talking about jail time. He has not yet been charged with a criminal offense. I haven't even heard anyone--here on ET, or in the media, or at any regulatory agency--identify a specific crime with which he should, or could, be charged.
There are definitely some questions about whether Mass Mutual was properly supervising his social media, and whether there were appropriate document retention procedures in place.
And there are some credible questions about whether he was intentionally trying to manipulate the price of the stock, or merely expressing his own opinion about why the stock was undervalued.
Can someone cite a specific federal or state law that he allegedly violated that has potential criminal penalties?
It's very easy for people to walk around saying, "What that guy did was illegal, and he should go to jail." It's not so easy to actually find a criminal statute that allegedly violated.
BMK
Everyone is talking about jail time. He has not yet been charged with a criminal offense. I haven't even heard anyone--here on ET, or in the media, or at any regulatory agency--identify a specific crime with which he should, or could, be charged.
There are definitely some questions about whether Mass Mutual was properly supervising his social media, and whether there were appropriate document retention procedures in place.
And there are some credible questions about whether he was intentionally trying to manipulate the price of the stock, or merely expressing his own opinion about why the stock was undervalued.
Can someone cite a specific federal or state law that he allegedly violated that has potential criminal penalties?
It's very easy for people to walk around saying, "What that guy did was illegal, and he should go to jail." It's not so easy to actually find a criminal statute that allegedly violated.
BMK
Have you read any of @Butterfly posts? He is an authority on SEC/Finra/DOJ laws. He is certain kitty is going to jail. Maybe he can point you to the exact laws kitty broke.
Check this article out.
https://lawandcrime.com/high-profil...stors-have-revolted-and-stormed-the-bastille/
AFAIK....Keith Gill could not do this legally: contact 100 trading partners on Wickr and have them all buy 10 call options IN GME each at the same time.
You do not understand how wickr works
That's an interesting article. But it identifies only one specific law:
Section 9 of the Securities Exchange Act of 1934, which is codified at 15 U.S.C. § 78i.
The article contains a link to the text of the law:
https://www.law.cornell.edu/uscode/text/15/78i
That law contains no criminal penalties. It has provisions for civil liability.
The article does not mention Keith Gill by name, and it does not refer to either of his nicknames (Roaring Kitty or DeepF**kingValue). The article is a general discussion about Gamestop, Reddit, and the concept of "market manipulation." It does not contain any concrete allegations directed at Keith Gill.
In fact, the law professor who was interviewed said "I don’t mean to suggest traders have violated § 9(a)(2). But the SEC is undoubtedly looking into it." But again, that law does not provide for criminal penalties.
If you think Keith Gill is going to do jail time, you should be able to identify a specific federal or state law that he allegedly violated, cite it with a link, and tell me what the maximum penalty is. How many months or years is he facing? And where is that information in the statute?
BMK
Nice humour