Wall Street Journal: Roaring Kitty may face ban from stock trading platform ETrade

On June 4th, it was reported that Keith Gill, the YouTube influencer known as "Roaring Kitty" who helped drive up GameStop's stock price, may be delisted from the retail stock trading platform ETrade. Sources say that ETrade, which is owned by investment giant Morgan Stanley, is "increasingly concerned about potential stock manipulation" related to Gill's recent purchases of GameStop (GME) stock. With a new surge of activity around GME, ETrade appears to be considering halting Kitty's trades. According to a Reddit post, if his latest bet - that GME stock will be worth over $20 on June 21st - proves true, he stands to make a lot of money, and his followers will benefit as well.

Morgan Stanley has hired financial crime specialists and outside advisors to look into the matter, but the company is aware that taking action would mean "drawing attention from his meme army," and Morgan Stanley employees are also concerned that closing Kitty's account could lead to the company losing ETrade customers. According to investment tracker @unusual_whales on Twitter, RoaringKitty's account grew by 48% today alone, equivalent to around $85 million.