Reddit Trader Roaring Kitty Accused Of Fraud In The Latest Wild Lawsuit Coming Out Of GameStop Saga
Jonathan Ponciano, 17 February 2021
One of the most outspoken retail traders on Reddit’s WallStreetBets discussion board has been targeted in a proposed class-action lawsuit alleging the 34-year-old securities broker behind the widely followed “Roaring Kitty” persona committed securities fraud for misrepresenting himself as an amateur trader online while pumping up GameStop stock prices.
“As a licensed securities professional, including the period he was licensed by and associated with MML and MassMutual, Gill was obligated to follow various securities laws, [SEC] rules and regulations and FINRA rules,” the 38-page suit says. The suit specifically references five securities rules, including one that requires licensed securities professionals to observe “high standards of commercial honor and just and equitable principles of trade” while conducting business and another saying that their public communications–on social media included–should “be fair and balanced” and “not omit any material fact or qualification” if the omission could mislead investors.
Lawsuits related to the Gamestop Corporation GME 0.1% short squeeze have been stacking up following the volatile trading in the stock in January. 
Geoffrey Steven Berman is an American lawyer serving as the United States Attorney for the Southern District of New York since 2018. He previously served as an Assistant United States Attorney for the Southern District of New York from 1990 to 1994. In January 2018, U.S. Attorney General Jeff Sessions announced Berman’s appointment as interim U.S. Attorney for a statutory period of 120 days. On April 25, 2018, the judges of the Southern District of New York, pursuant to the statute, unanimously appointed Berman U.S. Attorney for an indeterminate term that expires upon the appointment of a Presidential nominee approved by the Senate. Berman earned a Bachelor of Arts in Political Science and a Bachelor of Science in Economics at the University of Pennsylvania in 1981. He then studied law at Stanford University where he obtained a Juris Doctor degree in 1984. During his studies, he was the Note Editor of the Stanford Law Review.