[heybrendan]

Things are indeed heating up when a saga that's been unfolding for over four years begins to attract attention on HN.

A user or two have characterized Gill's activity as a pump-and-dump. From the article:

> A common form of this fraud is a pump-and-dump scheme, where fraudsters "make false and misleading statements to create a buying frenzy, and then sell shares at the pumped-up price."

Gill took a significant position in Gamestop beginning in June 2019 [1], and has been steadily increasing his position over the years (AFAICT without selling).

How is the belief in the long-term recovery and turn around of what was then, a dysfunctional (and unprofitable) American retailer, anything but rather prescient and patriotic?

Even if we were to concede that Gill is now in a position of influence, the suggestion that enforcement agencies should suddenly jump in and that litigation should /begin/ with him, rather than TV personalities and elected officials, strikes me as laughable.

Notwithstanding the ethical and security implications of a brokerage publicly broadcasting that a customer has an account on their platform (I would be livid if this happened to me), if E-Trade were to close Gill's account, would that not be a concrete admission that his position has them vulnerable, thereby strengthening and supporting the underlying thesis?

[1] https://en.wikipedia.org/wiki/Keith_Gill#Position_on_GameSto...