Godlike Productions - Discussion Forum
Users Online Now: 2,246 (Who's On?)Visitors Today: 382,606
Pageviews Today: 1,466,624Threads Today: 952Posts Today: 17,228
09:55 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

MassMutual fined $4 million for not doing oversight of Roaring Kitty the Gamestop hero

 
Anonymous Coward
User ID: 80812566
Australia
09/16/2021 07:02 PM
Report Abusive Post
Report Copyright Violation
MassMutual fined $4 million for not doing oversight of Roaring Kitty the Gamestop hero
The insurer MassMutual will pay a $4 million fine as part of a settlement with Massachusetts regulators involving the conduct of Keith Gill, a former employee and online trader known as “Roaring Kitty” whose relentless cheerleading for shares of GameStop was at the heart of the meme-stock mania earlier this year.

“As far as MassMutual is concerned they were obviously totally at fault for not supervising him,” William F. Galvin, the secretary of the commonwealth, said in an interview. “I mean, it was beyond a small matter of negligence. It was complete and thorough.”

[link to www.nytimes.com (secure)]





GLP