Morgan Stanley’s E-Trade platform is reportedly deciding whether to ban meme-stock pioneer Keith Gill, better known as “Roaring Kitty,” after recent purchases he made of GameStop Corp. options raised questions about possible stock manipulation.
The news was reported Monday by the Wall Street Journal. Morgan Stanley MS, -0.95% declined to comment.
The Journal reported the discussions after Gill resurfaced online last month on X, the former Twitter, and launched a fresh meme-stock frenzy. The news also arrived after a post this weekend via Gill’s Reddit account — DeepF—Value — showed what appeared to be a screenshot of an E-Trade account with millions of dollars’ worth of GameStop holdings and thousands of call options.
Shares of GameStop GME, -3.55% have jumped nearly 160% since the beginning of May. The stock was up 4.4% after hours on Monday, after finishing regular trading up 21%.
