U.S. regulators are investigating Robinhood after it temporarily blocked users from purchasing so-called meme stocks on its stock trading app amid the Reddit-fuelled short squeeze earlier this year.
Keith Gill, also known as “Roaring Kitty” on Twitter/YouTube and “DeepFuckingValue” on Reddit, is facing a proposed class action lawsuit for his role in the massive GameStop short squeeze orchestrated by Reddit’s r/WallStreetBets board, Bloomberg reported on Wednesday.