Morgan Stanley's E-Trade is reportedly considering a ban on Roaring Kitty's trading account due to potential stock manipulation after he disclosed a $100-million GameStop position. Professional trader criticizes the idea, says buying calls is not illegal.
Morgan Stanley may ban Keith Gill from E*Trade due to concerns of manipulating meme stock prices through social media. Gill's actions have led to increased volatility and sparked debates within the firm.
Morgan Stanley shares slide as Executive Chairman James Gorman announces resignation plans and concerns over executive pay awards surface amidst shareholder meeting outcomes.