The founder of retail Investor-oriented discussion forum wall street bets, Jaime RogozinskiApparently he’s suing Reddit for ousting him as moderator.

What happened: Rogozinski accuses Reddit of breaching contract for his 2020 eviction and violating his trademark rights for the WallStreetBets brand. reported The Wall Street Journal.

“I felt like this was personal, and I felt betrayed,” Rogozinski said, according to the report.

“My vision for the WSB is not a massive pump group, but a group with massive powers that collectively strengthens the foundation of Wall Street.”

“Jamie was removed from Reddit as a moderator of r/WallStreetBets and banned from the community moderators for attempting to enrich himself. This lawsuit is another transparent attempt to get rich,” a Reddit spokesperson told the Journal.

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Why it matters: Rogozinski filed the lawsuit in US District Court for the Northern District of California, The Journal noted.

The Reddit spokesperson said, “We will respond directly in court and continue to protect the best interests of the communities and moderators on our platform.”

Rogozinski’s relationship with Reddit reportedly went downhill after he published a book about millennials and the stock market that included anecdotes from the discussion board. He also announced a live trading competition sponsored by a company called True Trading Group.

Reddit informed him in April 2020 that his account was suspended for attempting to monetize the community, the Journal reported. Rogozinski appealed the suspension multiple times, but was met with denials.

Reddit and Rogozinski are also at odds over who owns the WallStreetBets trademark, and the latter filed a trademark application in March 2020 that has challenged the platform.

Last year, Rogozinski said the retail madness that sent stocks Game Stop Corporation GME, AMC Entertainment Holdings Inc AMC and other companies on the rise…