E-Trade's potential 'Roaring Kitty' ban enters 'gray areas'

triggered by a social media postJoining Catalysts to dissect the details is AnnaMaria Andriotis, the Wall Street Journal reporter who broke the story. Andriotis sheds light on the timeline of events, noting that the speculation around market manipulation began on May 12 when Roaring Kitty first posted a meme to X, formerly Twitter,

Um and the following day, uh people working at Morgan Stanley looked into his E trade account um and saw that he had made a large purchase of gamestop options. Talk to me about what your sources within the firm though are saying who might be flagging, this could be a bad move when it comes to Etrade in terms of the impact it could have on other customers.Well, that's part of the, the, the discussion internally which is um what happens if we do remove him from the Etrade platform.There's concerns around is what he's doing.

Um, uh, to see, well, you know, there was a sudden surge in demand for game stock, um, uh, um, ga games stop stock.Um, so the brokerages in general have a pretty, um, wide ranging latitude in terms of what they can do with regards to keep or not keep clients accounts. BofA says chip stocks won't peak until mid-2026, and that these 3 sub-industries will thrive until then

Source: News Formal (newsformal.com)

E-Trade Market Manipulation Gamestop Annamaria Andriotis Wall Street Journal

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