Former SEC Commissioner and former E*TRADE CEO on the return of Roaring Kitty

Michael Piwowar, Former SEC Commissioner, and Karl Roessner, Former E*TRADE CEO, discuss the meme stock madness, as Roaring Kitty's return sends shares of GameStop surging.

[@dunkhead3732]

Roaring Kitty has exposed the system and some dudes can’t handle it.

[@BidobaGonduba]

Ever heard the Iron Maiden song be quick or be dead. It was about finance corruption.

[@madskillswills]

Lol this guy literally said its a problem that retail can trade in a way large funds do.

[@brandonburns5365]

I can't tell if they lack that much self awareness, or they just don't care.

[@Empty7able]

​@@brandonburns5365both

[@minimi1]

former SEC commissioner straight-up said the SEC should've added new rules so this wouldn't happen again, it's a joke lmfao

[@Donnellmusic1]

The Wall Cheat Elite at it again. They act like cry babies if Retail Investors steal their play book. This is a battle worth fighting to take back control of our money and power.

[@hajaminola]

Let "Main Street" eat....let the PLEBS eat...social media has changed the game. The times have changed! God Bless America!

[@Pierremontquaker03]

But Jim Cramer says GameStop is a crap company and nothing is said 🤣🤣🤣

[@BidobaGonduba]

He is the biggest manipulator of all time.

[@SCOHEN250K]

Cramer also was telling people not to buy TESLA too, and many other tickers.

[@chikomade_101]

What about HF manipulation! You can’t fight us Retail when Insiders & large institutions trade under the radar!

[@jia7833]

Is this how you treat your billionaire clients, morgan stanley and etrade??

[@l0v3477]

F U C E TRADE

[@nicholaslamantia9597]

When Robbinhood temporarily stopped letting us buy GameStop three years ago…stopped using the platform and I think a lot of people did. E*trade better be careful

[@sirprincegeorge]

SEC should be regulating but they also need to regulate these hedge funds as well

[@CJT49]

How is this even a discussion? Manipulation is going on daily, yet they're focused on this guy as a scapegoat

[@g.elliott4789]

Isn't this what wall street has always done?

[@Empty7able]

It is

[@andrewpm2]

I refuse to give Robinhood my money and I'll be damned and close my account at Etrade if they screw w Roaring Kitty as well.

[@sethwagoner3430]

Why don’t you like Robinhood?

[@Joe_Biden_is_Trash]

I canceled robinhood when they halted people from buying back in 2021

[@Zagirus]

@@sethwagoner3430 He’s another genius who thinks only Robinhood had a magical button to halt these gambling stocks, while Charles Schwab, Fidelity, and E*TRADE just sat on the sidelines, sipping tea and enjoying the chaos. Because clearly, Robinhood alone wielded the mystical power to freeze those 'precious' stock treasures. How silly of us to forget that brokerages and index committees have always paused trading during extreme volatility. Truly, you've got to admire their unparalleled intellectual prowess.

[@Zagirus]

@@sethwagoner3430 He’s another genius who thinks only Robinhood had a magical button to halt their beloved GME, while Charles Schwab, Fidelity, and E*TRADE just sat on the sidelines, sipping tea and enjoying the chaos. Because clearly, Robinhood alone wielded the mystical power to freeze those 'precious' stock treasures. How silly of us to forget that brokerages and index committees have always paused trading during extreme volatility. Truly, you've got to admire their unparalleled intellectual prowess.

[@Zagirus]

@@sethwagoner3430 He’s another redditor who thinks only Robinhood had a magical button to halt their beloved GME, while Charles Schwab, Fidelity, and E*TRADE just sat on the sidelines, sipping tea and enjoying the chaos. Because clearly, Robinhood alone wielded the mystical power to freeze those 'precious' stock treasures. How silly of us to forget that brokerages and index committees have always paused trading during extreme volatility. Truly, you've got to admire their unparalleled intellectual prowess.

[@wakopaco]

Underlying issue is naked short selling

[@MangoFlamingo]

So company disclose client position and it's fine lol?

[@bryan8657]

THE underlying issue is FTD/naked shorting/lack of derivative oversight. They got caught. Damn right they need reform.

[@Watercoolerchat]

Dont touch retail traders until you change politicians ability to trade on insider information.

[@nicoshealthtips]

I like this CEO. Great perspective vs the smash the little guy bc he isn't in our group like so many others.

[@robdogsurf]

Atleast the guy from Etrade said what’s the difference between Cramer and Roaring Kitty. The CNBC anchor tried to end that conversation quickly 😂

[@tonylopetrone9828]

The markets are rigged! And any time the little guy wins the corrupt institution cry foul!!!

[@Alpacabowl98]

all of finance will be listening today. I wonder if kitty will mention naked short selling by the banks which is illegal.

[@KG-wh8yv]

Yep, every single day. Naked short selling and fail to deliver and never any consequence. Absolute c riminals . Market manipulation to s teal from retail is allowed and happens continually. It's ok to short a company into the ground and never deliver shorted shares. But let's ban a retail trader. Absolute c orruption.

[@BidobaGonduba]

💯

[@DrDisinfect_TheWorld]

Work Roaring Kitty...work. These trading platforms are manipulating the markets and Roaring Kitty is beating their tricking the system and..."they ain't happy" about it. Roaring Kitty is a pioneer. A visionary. All hail Roaring Kitty. Keep hitting these brokerage firms.

[@ivarthepingless5082]

The next gen start trading. Boomers: 'Market manipulation!'

[@richardmorrow4374]

Haha, ban him. He's just doing what everyone does .

[@Bigt8326]

E-trade will get sued if they do anything! Hands off IMO

[@lifeofsui3864]

finally someone on CNBC that talks sense and comparing Roaring Kitty effect to the effect that hedge funds, institutional traders and even Cramer have

[@Sl0ppyJ0s]

I knew he’d talk about changing the rules 😂

[@alexandruardelean4902]

GME TO 200 today

[@BidobaGonduba]

It would have been if we didn’t have these illegal trading halts. They only halt when price goes up. All this short selling and there was no halting.

[@sandihudson981]

It says this aired 3 hours ago, Game stop IS NOT AT 62! AS A MATTER OF FACT, IT LOST 10 BUCKS AND IS GOING DOWN, BAD REPORTING

[@ronsilva7394]

Market manipulation ? This channel and its guest talking heads do that all the time . Give us a break . Only the established financial heads get to take advantage of the system ?

[@christianromero9596]

Yes, of course.They didn't make any changes. If they did the hedge funds would have issues as well.

[@keenman07]

But why aren't they focused on the cause of why its this is all happening in the first place

[@Cystus]

Why doesn't the SEC prosecute Nancy P.

[@tackthekack1]

"it's an interesting question". No it isn't. It is a stupid question.

[@daz4787]

The game is rigged folks. Listen to the double standards presented here.

[@mrgj7025]

Something is worth what someone is willing pay.

[@LMGstudiosTV]

Roaring kitty has set a multilayered trap; he is playing 3d chess; and the fed and sec are crying about why his not playing checkers.

[@megaosfan]

Karl is a true hero here!!

[@christopherbate6248]

They care about our money 🤣🤣🤣🤣🤣🤣🤣

[@jramlal5782]

But Kramer can say buy or sell and it’s ok

[@BlackSwanDon]

If gme is so doomed, who is selling the longs and should they be accountable for manipulation?

[@Luckydog79]

Where's the market manipulation then?

[@luisquezada7394]

I would not be surprised if KZbin disrupts the stream

[@davidpaez1283]

They are scared that 2021 again. Hedge funds are scared 😂😂😂😂

[@cdove96ify]

So make rules to stop and fix retail traders but not fix the issues that help the financial terrorists wow

[@Donnellmusic1]

So the SEC would change the rules further to help Wall Cheats. That doesn't surprise me. When Keith Gill when live they halted GME 17 times. How many times do the halt dark pool trading?

[@jones192]

One man has the entire market shook. I love it.

[@MackMittenzTV]

Leave this man alone!… He’s literally making a simple investment. Hell if anything Wallstreet should get on board lol 📈📈📈

[@jasonkhanlar9520]

7:57 no such thing, it's a big lie, a big club, and truth is not in the club

[@e5toro7008]

GME 🚀🚀🚀

[@MikeBell-e3b]

Notice how he stops talking to the first guy

[@channelsold3236]

my goodness what a super juicy story gamestop market cap will explode $12B 😮😮😮😮😮

[@user-zk1ou5xn2m]

GME has several thousand leases that expire over the next year or so. Great opportunity to cut cost and transform into online auction house for classic games and consoles

[@thatanimeguyxD]

LMFAO HOMIE BLINKED 10 times before he talked

[@thegamerboneless2864]

I think Gill is a gambler, I think he has come back to the kettle one last time. I do think he manipulated anything more then what the institution’s when they go on these platforms to promote a business. Why the double standard

[@LMGstudiosTV]

The only reason why this is a difficult position is because their hypocrisy is on full display

[@naneekad3960]

"Not good for the market" nah.. it's not good tor the 1%. Let's take a stand and follow roaring kitty! We middle class deserve another uproar!

[@WestJ2the]

They haven't done anything because they're just as guilty & they won't arrest themselves either...... duuuuuhhhhhh 😂😂

[@sbcglobal141]

E-Trade wants to ban him because the platform crashed and was down for hours causing losses for their other customers. RK is not a retail trader.

[@seanhope734]

Is this hate or what ? The host wants to lock up the kitty .

[@TheLTprod]

Reporting on a Redditer/KZbinr's trades? Is that what a real business channel is supposed to do?

[@jhshao8435]

Market manipulation? Insider trade? Why SEC don't ask Nancy Pelosi?😂😂

[@DanTheMan189]

Love the Yogi Berra reference

[@muleymcwoolhead4703]

“Maintaining fair markets” that’s a joke. Markets aren’t fair, they’re incredibly tilted in favor or market makers and the rich.

[@zamor7778]

rich men will loose, and they’re scared. This is a long story and everybody knows the end. DFV, i’m in!

[@ExtremexDreamz]

Hes not doing anything illegal. Simple fact.

[@bsvuos9ubmv9us8uvdw8]

Robin Hood Roaring Kitty❤❤❤❤

[@surendra1999]

At 4.22 Former SEC Comm. seems to suggest that these retail investor is doing the same thing what the Institutional investor had been doing all along and that should not be allowed ? Why ? They can make the market and the individual can not?

[@jramlal5782]

They need to investigate all these hedge funds for fake shares

[@nileoutdooradventure2930]

Why not inside traders?

[@svancloud4035]

Regulator's should be investigating the companies shorting GME. You can't turn off the buy button just because your short position is in the red. They want to "address" people acting in groups "just like HEDGERS". The hypocrisy in that statement.

[@musiclife3265]

Yea pretty wild they can do all these illegal tricks in plain sight without batting an eye

[@chikomade_101]

Yes sir! Love the former CEO. We need You 🚀

[@AolXp]

Can someone from CNBC o a regulator can explains to retail investor's, how a person can buy and take a position inside gamestop or any stock knowing that days later he will create gossip about a video and the frenzy manipulation of the stock and then the stock go up and he can cash out pretty fast 58 millones in less than a week, every transaction should be on record, if this is not manipulation and fraud, What else can be?

[@phirawhite5621]

Hypocrites

[@DubDigital]

Cry me a river. Take this L, bro.

[@theantitroll9276]

Dude on the right look like a Michael Myers mask.

[@KG-wh8yv]

Absolute corruption. Naked short sells and fail to deliver and no consequence, EVER, continually rinse and repeat. Collusion and c riminal organization. If there are only 100 Porsches in the world and I get to sell 500 of them to retail and never deliver the other 400. Until they are worthless and then I close my transactions. That is the stock racket, I mean stock market. But let's ban a retail trader.

[@boxdawgill]

Publicly showing a position isn’t illegal-transparency is encouraged. Keith Gill doesn’t tell anyone or ask anyone to buy or sell any stocks. Also, posting Beavis and Butthead memes on Twitter is also not illegal. Citizens are allowed to buy any stock that they want. Period. Regularly citizens don’t have dedicated shows on TV literally telling people what to buy/sell.

[@bazmohiuddin2882]

i used Etrade its garbage, they are going after RK because essentially they are very jealous of what he has done and this is a petty retaliation action

[@agmcroom2374]

Cry babies

[@ExtremexDreamz]

Lets talk about trading halts during the entire Livestream today. Does that happen when we have a speaker at the federal reserve? No

[@eduardoadame815]

Migth just go open up an e trade account just for this interview hes good in my book dosent sound lile he has any ties with the big dogs

[@brettb5633]

Too damn worried about XRP and ripple

[@sergiobarajas9092]

i will leave e trade if they kick him out, not only that i will also cancel my chase account since its own by JP morgan

[@bsvuos9ubmv9us8uvdw8]

GameStop Ws and Sec.

[@La_Brata-g7q]

😂😂😂when did Blackberry came back in Market😂😂😂

[@darrendent8288]

@4:17 What this guy is failing to acknowledge that its NOT JUST RETAIL INVESTORS that were buying up or buying call options on the stock. There were actual HEDGE FUNDS that were involved as well.

[@darwel007]

It is no different than BTC. Young men desiring to get rich without working.

[@wallstreettrader1]

Professional trader here. I research 10 hours a day, 7 days a week to make the next week's trades possible. No one else I know works as hard as I do.

[@darwel007]

@@wallstreettrader1 Trading is not the problem. Ask Buffet, Diamond, and many others why BTC is a fraud. All you have to do is look at the most prominent proponents. MS is about as rank as they get, and he is the king.

[@MP-rx8do]

Change the rules? So that will apply to wall street, right?😂

[@michaeltodd707]

They scared😂

[@IanFernando]

RK is probably going and moving over to HOOD

[@wallstreettrader1]

Schwab would be more likely.

[@lastyle7363]

Ryan Cohen ruin the run...

[@paytonentrekin96]

Yall gonna make the mfs that makes Jesus come back

[@richardmorrow4374]

Gme 34 hults lol, a little afraid

[@speakertrees]

Roarrreey mew

[@Zero11_ss]

Kitty 100% pump and dumped on people and is doing it again for like the 4th time now

[@Danger-six.]

Wahhh. Wahhh.

[@JanBruunAndersen]

There is a new one born every minute.

[@brandonburns5365]

🤡

[@ExtremexDreamz]

We shall see

[@newspectrum1751]

Former Commissioner Sir, and CNBC is like to point this comment at you as well. With all due respect, how is people posting on social media market manipulation but you sitting here showing retail what stocks are pumping so they can fomo in to stocks like Best Buy, Black Berry, Koss who are heavily shorted by the same wall street funds that short companies like Gamestop and AMC, even bed bath and beyond, or everyones favorite Toys R Us. Thats right short sellers took your childhood away not bad business or retail demand. And they are trying to take away more of the things that are deeply rooted in our culture. Malls are gone, they want to destroy to movie industry and the gaming industry. So you mean to tell me what you are doing is not market manipulation? You atspreading misinformation and giving retail investor FOMO or FUD. If anyone needs to be investigated it’s you the regulators and you the media. DOJ is watching, the CAT is watching, the People are watching, and the Kitty well the Kitty is about to unravel the broken system and best to close those bearish bets.

[@teole6364]

Congress can do insider trading and we can’t trade base on our research? Give me a break

[@maniscalcofrank]

So why is it okay for institutional traders to do it?

[@sergioreyes9215]

If the SEC changes rules for KG ,IT WILL AFFECT THE HEDGIES, BRING IT ON!!!

[@CJT49]

At least some of these guys get it, "even playing field." he's not doing anything wrong