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Keith Gill (aka RoaringKitty) didn't do anything wrong based on the evidence I have seen.
Watch this clip. He says "Now obviously, this thesis is based on fundamentals. G.amestops chart is looking awfully compelling...
Watch this clip. He says "Now obviously, this thesis is based on fundamentals. G.amestops chart is looking awfully compelling...
...This matters, because if price breaks out, technical analysts won't even give a sh!t about the fundamentals and will start piling on. Add to this, it is the most heavily shorted stock in the market....suggests to me that an upward move could be explosive."
He doesn't make a fraudulent claim. Everything he says is factual or opinion-based.
The end of the video contains disclosures to clear up confusion. One thing stood out to me. It said, "No compensation is received by this Youtube Channel for the opinions expressed."
The end of the video contains disclosures to clear up confusion. One thing stood out to me. It said, "No compensation is received by this Youtube Channel for the opinions expressed."
Assuming that is true, I'm not sure how Gill could have violated FINRA rules for failure to disclose an outside business activity. If he didn't make money from the video, personal trading can't possibly be viewed as an outside business activity.
One person sharing their thoughts on social media isn't necessarily securities fraud.
SEC/FINRA will obviously want to review his personal trading and his trading on behalf of customers and clients to see whether there has been any manipulation, front-running, etc.
SEC/FINRA will obviously want to review his personal trading and his trading on behalf of customers and clients to see whether there has been any manipulation, front-running, etc.
