Massachusetts fines MassMutual $4.75 million over ‘Roaring Kitty’ case

Image caption: The company that employed GameStop booster Keith “Roaring Kitty” Gill agreed to pay a fine totaling $4.75 million to resolve allegations it failed to properly supervise Gill and other agents that worked for the firm. SOPA Images / LightRocket via Getty Images. Article by Reuters. New York Post – September 16, 2021.

A MassMutual investment subsidiary has agreed to pay $4.75 million to resolve allegations by Massachusetts securities regulators including that it failed to supervise its agents, among them the social media persona “Roaring Kitty,” whose online posts helped spark January’s trading frenzy in GameStop shares. […]

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