E*Trade, the online brokerage platform, is reportedly contemplating removing Keith Gill, the GameStop (GME) meme stock trader known as "Roaring Kitty," over potential stock manipulation concerns. Gill's recent return to trading and his significant influence on the meme stock rally have raised eyebrows. However, E*Trade and its owner, Morgan Stanley, are wary of the potential backlash from removing Gill. The Securities and Exchange Commission and the Massachusetts Securities Division are also reportedly investigating Gill's activities. No final decision has been made yet.
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