According to Odaily, the U.S. Securities and Exchange Commission (SEC) is scrutinizing some trades of Gamestop bullish options. The SEC is particularly interested in the trades made before and after posts on social media by Gill.
In previous news, YouTube host 'Roaring Kitty', also known as Keith Gill, who had helped push up the stock price of GameStop, might be removed from the retail stock trading platform ETrade. Gill's influence on the stock market, particularly his role in the surge of GameStop's stock price, has drawn the attention of the SEC.
The SEC's review of these trades is part of its ongoing efforts to ensure transparency and fairness in the stock market. The outcome of this review could have significant implications for social media influencers like Gill, who have a substantial impact on stock prices.