GameStop Whale 'Roaring Kitty' May Be Removed on E*Trade Over Manipulation Concerns
E*Trade, owned by Morgan Stanley, is considering removing Keith Gill, known as 'Roaring Kitty,' over potential stock manipulation concerns related to GameStop (GME). Gill's recent social media posts and substantial GME holdings have driven the stock's price up, with shares rising 21% on June 3. Gill reported gains of $33.6 million in stock and $51.8 million in options.
How this was made

The 30-second read
Why it matters
The broker's deliberation adds a regulatory‑style risk to GME's momentum.
Market read
GME's rapid price increase and potential broker action create short‑term trading opportunities and risk considerations.
What to watch
Potential backlash from retail community could pressure E*Trade to retain the influencer.
Background
Roaring Kitty, a key figure in the 2021 short squeeze, resumed posting on X and Reddit, prompting a sharp GME rally.
Ticker impact
E*Trade is considering removing Roaring Kitty amid concerns his posts may be manipulating GME's price, which rallied 21% to $28 and later to $30.36.
Short-term pullback if removal occurs; heightened volatility if debate continues.
The news is new and directly tied to a 21% price jump, but the outcome of the removal decision is uncertain.
Market effects
Meme-stock sector may see increased scrutiny of influencer activity.
U.S. retail investors likely most affected.
Limited to markets with significant retail trading participation.
Counterpoint
Regulatory or broker action could dampen GME's rally, presenting a short opportunity.
Key entities
- CompanyGameStop
U.S.-listed retailer (ticker GME) experiencing a meme-driven price surge.
- BrokerageE*Trade
Online brokerage owned by Morgan Stanley evaluating removal of an influencer.



