February 17th, 2021
STRF/STAR MAX/IPx
One of the most prominent figures on the WallStreetBets subreddit that sent GameStop stock skyrocketing has been slapped with a lawsuit. The suit alleges Keith Gill (aka Roaring Kitty) is a licensed securities professional instead of an amateur investor and it claims he profited from the GameStop short squeeze by manipulating the market.
“Gill’s deceitful and manipulative conduct not only violated numerous industry regulations and rules, but also various securities laws by undermining the integrity of the market for GameStop shares,” the proposed class action suit says. “He caused enormous losses not only to those who bought option contracts, but also to those who fell for Gill’s act and bought GameStop stock during the market frenzy at greatly inflated prices.”
Staff
Winnipeg-based Great-West Lifeco Inc.’s (GWL) earnings surged in the fourth quarter, the company announced on Wednesday.
GWL reported net earnings attributable to common shareholders of $912 million in Q4, up from $513 million a year ago and $826 million the previous quarter.
On Dec. 31, GWL subsidiary Great-West Life & Annuity, through its Empower Retirement business, closed its US$2.3-billion acquisition of Massachusetts Mutual Life Insurance Company (MassMutual), making Empower Retirement the second-largest retirement services provider in the U.S. based on assets under administration.
GWL’s assets under administration were $2 trillion at the end of Q4, up 21% from a year ago thanks in large part to the MassMutual acquisition.
MassMutual buys Great American Life Insurance for $3.5bn in cash
28-01-2021
12-03-2014
US-based Massachusetts Mutual Life Insurance Company (MassMutual) has entered into a definitive agreement with American Financial Group (AFG) to acquire its annuity business for $3.5 billion in cash.
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