#ROARING KITTY MOVIE#
#ROARING KITTY PROFESSIONAL#
#ROARING KITTY FREE#

“He caused enormous losses not only to those who bought option contracts, but also to those who fell for Gill’s act and bought GameStop stock during the market frenzy at greatly inflated prices.” “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. Gill touted GameStop shares through an extensive social media presence on Youtube, Twitter and Reddit.

#ROARING KITTY PROFESSIONAL#

The suit said Gill was actually a licensed securities professional who manipulated the market to profit himself. More established financial figures say the run-up is just a version of “pump and dump” stock manipulation that will harm small investors.Įither way, the trademark Roaring Kitty that has been languishing in the files of the Secretary of State’s office for six years is a lot more notable than it used to be.The proposed class action against Gill, who adopted the online nickname “Roaring Kitty,” was filed Tuesday in federal court in Massachusetts. Online enthusiasm has been fueled not just by hopes of getting rich from sudden stock price jumps but by the feeling that this is a crowd-sourced revolution against elites that have been hogging the rewards of American business. Roaring Kitty and many other online accounts say the turmoil reflects the inherent unfairness of the financial system since they are only doing a variation of what institutional investors do.

Facing financial peril, Robinhood required a billion-dollar bailout of its own. The resulting turmoil was continuing Friday and has also ensnared the Robinhood app, which at one point halted trading on GameStop, drawing outrage from some members of Congress.

This in turn put pressure on the short-sellers who had bet prices would go down, to the point that some billion-dollar hedge funds were in financial peril. All saw their languishing stock prices rise 100% or more almost overnight.

#ROARING KITTY MOVIE#

Other declining businesses drew similar interest, including movie theater chain AMC Entertainment.

#ROARING KITTY FREE#

Last year the matter was taken up by a subsection of Reddit called “Wallstreetbets,” and the flurry of interest sent GameStop stock skyrocketing earlier this month as hundreds of individuals bought options contracts, many of them through a free trading app called Robinhood. Short selling is a method of buying stocks in which you profit only if the share price goes down.Īfter Gill began discussing his GameStop purchase on YouTube and other outlets in mid 2019, it drew increasing attention. The price was low, he said, because short-sellers, many associated with hedge funds and other large institutional investors, had heavily bet against it. Gill has said he decided to buy lots of stock in GameStop, a struggling chain store that sells video games, because he thought it was in better shape that its market price indicated. Roaring Kitty is the name Gill has adopted in online forms like TikTok and YouTube, although on Reddit – an extremely popular online forum whose slogan “The Front Page of the Internet” is only a small exaggeration – he has the handle “DeepF***ingValue.” He has been touting his investments and investment strategies for two years. Gill graduated in 2009 from Stonehill College in Massachusetts with an accounting degree, where he was an All-American runner who holds the school records for the indoor 800-meters, 1,000 meters and the mile, which he ran in 4 minutes and 3 seconds. The New York Times says Gill is 34 and a “former financial educator for an insurance firm” who now lives in Massachusetts but its reporter was not able to speak with him, although the reporter did speak briefly with Gill's mother. Gill did not respond to requests for comment from the Monitor.

It sold “Quuve, the world’s first fully customizable investment management ecosystem for professional investors.” Debris Publishing does not appear to exist any longer. Gill also appears to have co-founded in 2010, a year after graduating from college, a firm called Debris Publishing in Campton, a small town just north of Plymouth. The document, which notes that the company had “10 or fewer owners,” was signed only by Gill. in Concord, according to documents at the Secretary of State’s office. Roaring Kitty was registered with the state at the end of 2014 as an “investment advisory services” limited liability company by Keith Gill, with an address of 26 Washington St.

The central figure of the financial turmoil being caused by an online group battling Wall Street investors over obscure stocks like GameStop got a start in New Hampshire, including the “Roaring Kitty” name that has become famous in some circles.

Roaring kitty