Massachusetts’ top securities regulator is looking into recent trading activity from GameStop Corp ( GME ) trader Keith Gill, also known as “Roaring Kitty.”

What Happened: Gill is facing increased scrutiny from Massachusetts Secretary of State Bill Galvin over potential manipulation, according to The Wall Street Journal.

E-Trade is also reportedly trying to decide whether to ban Gill — the inspiration behind the Hollywood film “Dumb Money” — from its trading platform.

Galvin previously probed Gill’s trading activities from 2021. He ultimately settled with MassMutual, Gill’s former employer, for failed supervision of his activities, per Reuters.

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Why It Matters: Gill is often credited with spearheading the meme stock mania of 2021. He had been inactive on social media since then, posting what many thought was a final position update on Reddit’s WallStreetBets.

But then he broke his silence on X a couple of weeks ago when he posted a meme of a person sitting up and leaning forward in a chair.

The post sparked a surge in GameStop ( GME ) stock and the excitement quickly spread to other retail darlings. The rally was short-lived, however, as Gill shared a series of videos on X before going silent again after posting a clip from the film “E.T.”

Gill posted his most recent update to Reddit on Sunday. The image appeared to show that he was holding 5 million shares of GameStop ( GME ) and 120,000 call options expiring later this month.

The U.S. Securities and Exchange Commission is reportedly looking into recent options trading activity in GameStop ( GME ).

Check This Out: Roaring Kitty’s GameStop Options Could Be Worth $54M, But Cashing Out Might Be Tricky: ‘Everybody’s Hyper Aware Of This Now’

GME Price Action: GameStop ( GME ) stock was down more than 3.07%, trading at $27.14 per share, at last check Tuesday, according to Benzinga Pro.