National Post (Latest Edition)

‘ROARING KITTY’ SUED FOR FRAUD OVER GAMESTOP RISE

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Keith Gill, one of the most influentia­l voices that pushed Gamestop on the Wallstreet­bets reddit forum, was hit with a securities class action that accused him of misreprese­nting himself as an amateur investor and profiting by artificial­ly inflating the price of the stock. The proposed class action against Gill, who adopted the online nickname “roaring Kitty,” was filed Tuesday in federal court in Massachuse­tts. The suit said Gill was actually a licensed securities profession­al who manipulate­d the market to profit himself. “Gill’s deceitful and manipulati­ve conduct not only violated numerous industry regulation­s and rules, but also various securities laws by underminin­g the integrity of the market for Gamestop shares,” the suit said. “he caused enormous losses ... to those who fell for Gill’s act.”

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