[CNMO News] At the beginning of 2021, the duel between US stocks retail investors and Wall Street institutions attracted the attention of many people. Among them, the share price of Game Station (GME) was crazy high in a few days. In the recent past, Keith Gill, the leader of the game station air squeeze war, was accused of securities fraud.
GameStop (Game Station)
Currently, Keith Gill has been filed a class action lawsuit in Massachusetts. According to the website of the Financial Industry Regulatory Authority (Finra), Gill himself is a registered broker and is supervised by the bureau. His comments on social media violate the broker’s communication with the public. Relevant regulatory requirements.
In addition, Keith Gill invested US$53,000 in GameStop stocks and call options in 2019. The value of these securities rose to US$48 million in GameStop's February long-short battle.
GameStop game station stock price
The content of the lawsuit shows that "Gill's fraud and manipulation not only violated the laws and regulations of many industries, but also undermined the integrity of the GameStop stock market and violated various securities laws and regulations. ”_P1p.
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