Published 3 years ago

Massachusetts fines MassMutual $4.75 million in 'Roaring Kitty' case

Summary

MassMutual has been fined $4 million as part of a settlement with Massachusetts regulators, who accused the life insurance company of failing to adequately supervise an employee who promoted GameStop’s stock on , helping prompt a trading frenzy earlier this year.

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News18 India

MassMutual Fined For Failing To Monitor GameStop Saga Star

NEW YORK: Massachusetts regulators are fining MassMutual $4 million and ordering it to overhaul its social-media policies after accusing the company of failing to supervise an employee whose online cheerleading of GameStop’s stock helped launch the frenzy that shook Wall Street earlier this year.

3 years ago·India

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Reuters

Massachusetts fines MassMutual $4.75 million in 'Roaring Kitty' case

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...

3 years ago·United Kingdom

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Associated Press News

MassMutual fined for failing to monitor GameStop saga star

NEW YORK (AP) — Massachusetts regulators are fining MassMutual $4 million and ordering it to overhaul its social-media policies after accusing the company of failing to supervise an employee whose online cheerleading of GameStop's stock helped launch the frenzy that shook Wall Street earlier this year.

3 years ago·United States

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abc News

MassMutual fined for failing to monitor GameStop saga star

Massachusetts is fining MassMutual $4 million after accusing the company of failing to supervise an employee whose online cheerleading of GameStop’s stock helped launch the frenzy that shook Wall Street earlier this year

3 years ago·United States

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Sydney Morning Herald

Ex-employer of GameStop saga star ‘Roaring Kitty’ fined

Market regulators said insurer MassMutual, which employed online trader and YouTube star Keith Gill, failed to adequately supervise his activity at the heart of the “meme stock” frenzy.

3 years ago·Sydney, Australia

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