The insurer MassMutual will pay a $4 million fine as part of a settlement with Massachusetts regulators involving the conduct of Keith Gill, a former employee and online trader known as “ Roaring Kitty ” whose relentless cheerleading for shares of GameStop was at the heart of the meme-stock mania earlier this year.Who is the man behind the GameStop short squeeze?
Gill — who goes by DeepF------Value on Reddit and Roaring Kitty on YouTube — is the man who helped inspire the epic GameStop short squeeze. On top of exercising these options contracts, Gill bought 50,000 additional GameStop shares, bringing his total investment to 200,000 shares worth more than $30 million.Who is 'roaring Kitty' Keith Gill?
Keith Gill, known as 'Roaring Kitty' on YouTube, allegedly duped retail investors into buying inflated stocks while hiding his sophisticated financial background. Mr Gill has downplayed his impact and rebutted claims he violated any laws. Separately, he will testify on Thursday to Congress about the "Reddit rally".Who was the investor who encouraged people to short sell at GameStop?
The investor was a former marketer for Massachusetts Mutual Life Insurance. Through YouTube videos and Reddit posts, Gill encouraged a band of retail traders to squeeze out short selling hedge funds in GameStop.