Morgan Stanley's E*Trade platform is said to be considering taking action against Keith Gill, also known as "Roaring Kitty," following his recent purchases of GameStop Corp. options. 

These purchases have raised concerns about potential stock manipulation.

Keith Gill's E*Trade Account Screenshot Shows GameStop Holdings Worth Millions

The discussions were reported after Gill gained attention online last month on X, the former Twitter, and sparked a new frenzy surrounding meme stocks. 

The news also came to light after a post over the weekend on Gill's Reddit account, where a screenshot of an E-Trade account was shared. 

The screenshot displayed a significant amount of GameStop holdings and numerous call options, worth millions of dollars, Market Watch reported.

The value of GameStop shares has surged by almost 160% since the start of May. The stock experienced a significant increase of 4.4% after hours on Monday, following a notable 21% gain during regular trading.

Then, on Sunday night (June 2), he posted a screenshot of an E*Trade account that seemed to indicate a $116 million position in GameStop, sparking another wave of excitement that sent the meme stock skyrocketing. 

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Platform Weighs Customer Impact Amid Gill's Manipulation Probe

Insiders familiar with the situation have revealed that there are ongoing deliberations regarding Gill's alleged manipulation. 

The platform is particularly concerned about the potential loss of customers and the reaction from Gill's fanbase if any action is taken against him.

According to a report by The Journal, the Massachusetts securities division is currently investigating Gill's actions.

According to Business Insider, no decision has been made yet regarding whether Gill will be allowed to continue trading on the platform, according to The Journal. 

Insiders familiar with the situation have revealed that there are ongoing deliberations regarding Gill's alleged manipulation. 

The platform is expressing concerns about potential customer loss and the reaction from Gill's fanbase if any action is taken against him.

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