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'Roaring Kitty' no longer has financial broker license: filing

Published 03/01/2021, 04:48 PM
Updated 03/01/2021, 05:11 PM
© Reuters. FILE PHOTO: U.S. House Financial Services Committee holds hearing on Gamestop, social media and stock short selling
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WASHINGTON (Reuters) - The Massachusetts financial professional who gained notoriety as GameStop (NYSE:GME) bull "Roaring Kitty" is no longer a broker registered with the Financial Industry Regulatory Authority, according to the organization's online records.

Keith Gill, known as Roaring Kitty on YouTube and DeepF***ingValue on Reddit, is no longer a registered financial broker as of Feb. 26, the FINRA records show. Gill became a central figure in a January trading frenzy in which shares of the ailing videogame retailer surged more than 1,000% in two weeks, driven by interest among retail investors in online forums.

Gill, who did not immediately respond to a request for comment, is no longer licensed to act as a broker buying and selling securities on behalf of clients or as an investor adviser providing advice about securities to clients. He had been registered as an agent for MML Investors Services LLC, the broker-dealer arm of MassMutual.

MML Investor Services filed the termination request for Gill with FINRA on Friday, stating that an internal review of his "outside activities" was ongoing. A spokesperson for MassMutual did not respond immediately to a request for comment.

Gill's last date of employment with the firm was Jan. 28.

A FINRA spokeswoman said a person's registration is terminated when he or she is no longer employed by a registered firm. She declined to comment on specific individuals.

Last month, Gill was sued for allegedly violating securities laws and causing "huge losses" for investors. He has rebutted claims he violated any laws in testimony to lawmakers. His online broker profile now flags the pending litigation, as well as an ongoing investigation by Massachusetts financial regulators.

© Reuters. FILE PHOTO: U.S. House Financial Services Committee holds hearing on Gamestop, social media and stock short selling

Gill is expected to appear before Massachusetts regulators later this week.

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