3 ms·

Most of what he did was to say he liked the stock from what I gather. You'd need to find the evidence that he himself encouraged a pump and dump which I have no

Most of what he did was to say he liked the stock from what I gather. You'd need to find the evidence that he himself encouraged a pump and dump which I have not seen anywhere. The term "not financial advice" is also probably to be found in the most upvoted posts by other users which could be seen as encouraging risky behaviour

valuearb 6y ago
“ Gill was a clean cut Registered Rep at MassMutual by day and a long-haired, head-banded, fast-talking stock promoter on social media by night, sending out video promotions for GameStop that were filmed at a trading desk he had set up in his basement. (See this YouTube video by Gill. It has a caption suggesting GameStop could go from $5 to $50.) This is highly likely to be a serious problem for both Gill and MassMutual. A genuine amateur trader could plead ignorance of industry rules about hyping stocks to the public. A heavily licensed industry professional cannot. The fact that Gill passed all those exams means that he knows what the rules are. In addition, the broker-dealer unit of MassMutual, MML Investor Services LLC, that employed Gill as a Registered Rep, could potentially face charges of failure to supervise.”
- thinkingemote 6y ago
  Interesting perspective, thanks!
  - valuearb 6y ago
    But please note that’s from WallStreetParade, I don’t know enough about securities law to say they are correct and they likely have their biases.
dfraser992 6y ago
"not a financial advisor" is, practically speaking, much like SWIM (Someone Whom I Met) back in the early days of the Net when talking about drugs was 'likely' to get the police involved if you used your real name etc etc. The majority of the posts I had read on Reddit are way too emotionally persuasive and propagandistic that 'not a financial advisor' is really just meaningless. If I was a judge and had a case involved that sort of language while the information was obviously not balanced or neutral, I'd consider it line noise.

valuearb 6y ago

“ Gill was a clean cut Registered Rep at MassMutual by day and a long-haired, head-banded, fast-talking stock promoter on social media by night, sending out video promotions for GameStop that were filmed at a trading desk he had set up in his basement. (See this YouTube video by Gill. It has a caption suggesting GameStop could go from $5 to $50.) This is highly likely to be a serious problem for both Gill and MassMutual. A genuine amateur trader could plead ignorance of industry rules about hyping stocks to the public. A heavily licensed industry professional cannot. The fact that Gill passed all those exams means that he knows what the rules are. In addition, the broker-dealer unit of MassMutual, MML Investor Services LLC, that employed Gill as a Registered Rep, could potentially face charges of failure to supervise.”

thinkingemote 6y ago
Interesting perspective, thanks!
- valuearb 6y ago
  But please note that’s from WallStreetParade, I don’t know enough about securities law to say they are correct and they likely have their biases.

dfraser992 6y ago

"not a financial advisor" is, practically speaking, much like SWIM (Someone Whom I Met) back in the early days of the Net when talking about drugs was 'likely' to get the police involved if you used your real name etc etc. The majority of the posts I had read on Reddit are way too emotionally persuasive and propagandistic that 'not a financial advisor' is really just meaningless. If I was a judge and had a case involved that sort of language while the information was obviously not balanced or neutral, I'd consider it line noise.