/biz/ - Business & Finance

>>28994238
The plot thickens and the SEC's got NOTHING on Keith Gill! The first three paragraphs, "before he went further", were basically him outlining how he disqualifies every single criterion, one by one, in the FINRA and SEC regulations about front-running and insider trading.
And the rest is just violin-playing starting with his humble beginning, his mom being a registered nurse (one of the occupations who work on the front-line in the battle against COVID), very nice touch! He is just an average Joe who happened to like a stock, a stock that I have said many times myself here that is not too bad and creates nostalgia in the gaming community and he gave back to the community, supported his family even amidst the most difficult times during COVID. Yes I can see the tears...
And most important of all, he showed he had losses too, not just like Harry Markopolous said "profit at 45 degree angle slope going up" and he is not the only one who believed positively in the stock and the company.
Very well said indeed!! Glad he got some professional help in helping him preparing this testimony. And glad he advocated at the end for investigations into the market manipulative action of stopping the purchase of shares of a publicly-traded company. Sky is supposed to be the limit for stock prices, not when some clearinghouses deem it's too "risky" for them when they are holding the losing positions. When it's us retail traders who shorted call options, then of course our loss is unlimited just like any payoff diagrams would show.
Goliath, the game is on!!! Let's see what kind of "sob story" that the hedge fund Melvin Capital, Gabe Plotkin has. So far, no good. He's a graduate of Northwestern University (one of the top universities in the USA) with an Economics degree (a professional financial degree) and is a recipient of insider information while working as a portfolio manager at SAC for Steven Cohen and was even named in one of the SEC investigations...

IRTM