Who is Keith Gill, "Amateur" Trader or Registered Rep?

[georgephillip]

Can you find the "real" Keith Gill?

"Wall Street On Parade has confirmed that Keith Patrick Gill, a man holding highly sophisticated licenses to trade and supervise others on Wall Street, is the same man using multiple identities to promote GameStop on social media platforms.

"Gill, and a member of his family, have confirmed to other media outlets that Gill used the identity of DeepF***ingValue on Reddit’s WallStreetBets message board to promote GameStop and that he used the identity of Roaring Kitty on his YouTube channel and Twitter page to help engineer a short squeeze against the hedge funds that were betting the price of GameStop would fall..."

"Gill was a clean cut Registered Rep at MassMutual by day and a long-haired, head-banded, fast-talking stock promoter on social media by night, sending out video promotions for GameStop that were filmed at a trading desk he had set up in his basement. (See this YouTube video by Gill. It has a caption suggesting GameStop could go from $5 to $50.)"

https://wallstreetonparade.com/2021...-licenses-and-worked-in-the-finance-industry/

Bernie said it best:" The Business Model of Wall Street is Fraud.

 

[pknopp]

He doesn't deny this.

 

[georgephillip]

He doesn't deny this.

So what?
He broke the law or at least violated regulations.

"This is highly likely to be a serious problem for both Gill and MassMutual. A genuine amateur trader could plead ignorance of industry rules about hyping stocks to the public. A heavily licensed industry professional cannot. The fact that Gill passed all those exams means that he knows what the rules are."

https://wallstreetonparade.com/2021...-licenses-and-worked-in-the-finance-industry/

 

[pknopp]

He doesn't deny this.

So what?
He broke the law or at least violated regulations.

"This is highly likely to be a serious problem for both Gill and MassMutual. A genuine amateur trader could plead ignorance of industry rules about hyping stocks to the public. A heavily licensed industry professional cannot. The fact that Gill passed all those exams means that he knows what the rules are."

https://wallstreetonparade.com/2021...-licenses-and-worked-in-the-finance-industry/

The stock was shorted with more shares than available. Sometimes you have to go to extreme's to expose corruption.

 

[georgephillip]

The stock was shorted with more shares than available. Sometimes you have to go to extreme's to expose corruption.

Gill appears to have gone beyond legal limits to "expose corruption?"

https://wallstreetonparade.com/2021...-licenses-and-worked-in-the-finance-industry/

"FINRA has strict rules for licensed brokers regarding use of social media. For example, their rulebook states:

"“Investors and financial services professionals alike are increasingly using social media for a variety of business purposes.

"Social Media may be a new medium, but FINRA’s rules on communicating with the public are still applicable.

"The rules protect investors from false, misleading claims, exaggerated statements, and material omissions…"

 

[pknopp]

The stock was shorted with more shares than available. Sometimes you have to go to extreme's to expose corruption.

Gill appears to have gone beyond legal limits to "expose corruption?"

https://wallstreetonparade.com/2021...-licenses-and-worked-in-the-finance-industry/

"FINRA has strict rules for licensed brokers regarding use of social media. For example, their rulebook states:

"“Investors and financial services professionals alike are increasingly using social media for a variety of business purposes.

"Social Media may be a new medium, but FINRA’s rules on communicating with the public are still applicable.

"The rules protect investors from false, misleading claims, exaggerated statements, and material omissions…"

I addressed that. Sometimes you have to go to extreme measures to expose corruption. Shorting stocks beyond the number of those available is illegal.

 

[georgephillip]

I addressed that. Sometimes you have to go to extreme measures to expose corruption

Who are you blaming for the "corruption"?

 

[pknopp]

I addressed that. Sometimes you have to go to extreme measures to expose corruption

Who are you blaming for the "corruption"?

Wall Street. Obviously they are not providing proper oversite.

 

[fncceo]

he used the identity of Roaring Kitty

Coolest screen name EVAH!

 

[pknopp]

Naked Shorting is Illegal So How the Hell was GameStop 140% Short

GameStop was 140% short. That is illegal. So how did it happen?

www.thestreet.com

 

[fncceo]

Shorting stocks beyond the number of those available is illegal.

You short a stock by borrowing that stock (the actual stock) from a trader and immediately selling it.

You cannot borrow, or sell, more shares of a stock than is actually available.

Short selling is very legal.

I'm always amused when some financial reporter says something like, "there was a massive sell-off of company X shares today".

For every share of stock sold, there is a buyer. So, you could just as truthfully say, "there was a massive buying of company X shares today".

 

[pknopp]

Shorting stocks beyond the number of those available is illegal.

You short a stock by borrowing that stock (the actual stock) from a trader and immediately selling it.

You cannot borrow, or sell, more shares of a stock than is actually available.

Short selling is very legal.

Who said it wasn't? I said what went on here is illegal. You can't short more stock than is available which is what was happening here. (link provided)

Read the link. There is an entity noted that is involve in every corrupt practice that ever went on in the markets.

 

[fncceo]

You can't short more stock than is available which is what was happening here.

It's not just illegal, it's impossible. You can't sell more of a stock than actually exists.

 

[pknopp]

You can't short more stock than is available which is what was happening here.

It's not just illegal, it's impossible. You can't sell more of a stock than actually exists.

And yet that is what was happening. If it was impossible it wouldn't have had to been made illegal.

 

[fncceo]

You can't short more stock than is available which is what was happening here.

It's not just illegal, it's impossible. You can't sell more of a stock than actually exists.

And yet that is what was happening. If it was impossible it wouldn't have had to been made illegal.

Read the article, that isn't what's happening. You don't understand how "shorting a stock" works.

You can only make money shorting a stock if you physically have stock you can sell.

 

[pknopp]

You can't short more stock than is available which is what was happening here.

It's not just illegal, it's impossible. You can't sell more of a stock than actually exists.

And yet that is what was happening. If it was impossible it wouldn't have had to been made illegal.

Read the article, that isn't what's happening. You don't understand how "shorting a stock" works.

You can only make money shorting a stock if you physically have stock you can sell.

Naked Shorting is Illegal: So How the Hell was GameStop 140% Short?

 

[BULLDOG]

The stock was shorted with more shares than available. Sometimes you have to go to extreme's to expose corruption.

Gill appears to have gone beyond legal limits to "expose corruption?"

https://wallstreetonparade.com/2021...-licenses-and-worked-in-the-finance-industry/

"FINRA has strict rules for licensed brokers regarding use of social media. For example, their rulebook states:

"“Investors and financial services professionals alike are increasingly using social media for a variety of business purposes.

"Social Media may be a new medium, but FINRA’s rules on communicating with the public are still applicable.

"The rules protect investors from false, misleading claims, exaggerated statements, and material omissions…"

Exactly what did he say that was false or misleading, or exaggerated, and what material omissions did he make?

 

[fncceo]

You can't short more stock than is available which is what was happening here.

It's not just illegal, it's impossible. You can't sell more of a stock than actually exists.

And yet that is what was happening. If it was impossible it wouldn't have had to been made illegal.

Read the article, that isn't what's happening. You don't understand how "shorting a stock" works.

You can only make money shorting a stock if you physically have stock you can sell.

Naked Shorting is Illegal: So How the Hell was GameStop 140% Short?

There are a fixed number of shares for every publicly traded company. Some of those shares are reserve (cannot be traded). Of the rest outstanding shares, some of those shares (most in fact) are long, not for sale at the current market rate.

You cannot borrow and sell more shares that their are outstanding in the market.

A trader could 'borrow' some shares from another trader and immediately sell them back and borrow them again. However, for a deal to be legitimate (and for the original trader to make a profit) ALL of the borrowed stock has to repurchased at the lower price and returned to the lending trader.

If there is no intention to return the borrowed stock that is not shortselling. That isn't even corruption (corruption expects to make a gain) that is just stupidity. There is no way to make a profit from that -- that is defrauding the market.

 

[pknopp]

You can't short more stock than is available which is what was happening here.

It's not just illegal, it's impossible. You can't sell more of a stock than actually exists.

And yet that is what was happening. If it was impossible it wouldn't have had to been made illegal.

Read the article, that isn't what's happening. You don't understand how "shorting a stock" works.

You can only make money shorting a stock if you physically have stock you can sell.

Naked Shorting is Illegal: So How the Hell was GameStop 140% Short?

There are a fixed number of shares for every publicly traded company. Some of those shares are reserve (cannot be traded). Of the rest outstanding shares, some of those shares (most in fact) are long, not for sale at the current market rate.

You cannot borrow and sell more shares that their are outstanding in the market.

A trader could 'borrow' some shares from another trader and immediately sell them back and borrow them again. However, for a deal to be legitimate (and for the original trader to make a profit) ALL of the borrowed stock has to repurchased at the lower price and returned to the lending trader.

If there is no intention to return the borrowed stock that is not shortselling. That isn't even corruption (corruption expects to make a gain) that is just stupidity. There is no way to make a profit from that -- that is defrauding the market.

I'm really not interested in you explaining how things are "supposed" to work. It's being reported in tons of sources that Gamestop was clearly shorted by more than was legal.

 

[BULLDOG]

You can't short more stock than is available which is what was happening here.

It's not just illegal, it's impossible. You can't sell more of a stock than actually exists.

And yet that is what was happening. If it was impossible it wouldn't have had to been made illegal.

Read the article, that isn't what's happening. You don't understand how "shorting a stock" works.

You can only make money shorting a stock if you physically have stock you can sell.

Naked Shorting is Illegal: So How the Hell was GameStop 140% Short?

There are a fixed number of shares for every publicly traded company. Some of those shares are reserve (cannot be traded). Of the rest outstanding shares, some of those shares (most in fact) are long, not for sale at the current market rate.

You cannot borrow and sell more shares that their are outstanding in the market.

A trader could 'borrow' some shares from another trader and immediately sell them back and borrow them again. However, for a deal to be legitimate (and for the original trader to make a profit) ALL of the borrowed stock has to repurchased at the lower price and returned to the lending trader.

If there is no intention to return the borrowed stock that is not shortselling. That isn't even corruption (corruption expects to make a gain) that is just stupidity. There is no way to make a profit from that -- that is defrauding the market.

Nope. It's using the rules to an advantage.