Guy Gentile

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Guy Gentile
Guy gentile.jpg
Guy Gentile on the floor of the NYSE
Born (1976-07-03) July 3, 1976 (age 42)
Yonkers, New York
Residence Bahamas
Nationality Italian American
Employer Swiss America Securities, Ltd
Title CEO of Swiss America Securities, Ltd
Website Official website

Guy Gentile (born July 3, 1976) is an American business executive, entrepreneur, and high-frequency trading expert. He is the current CEO of Swiss America Securities, Ltd and is best known for founding two prominent high-frequency trading firms.

Career[edit]

In 1999 Gentile founded SpeedTrader, currently owned by Stock USA Investments, Inc,[1] (formerly Speed Trader, Inc,[2]). Then in 2011 Gentile founded SureTrader, a division of Swiss Americas Securities, Ltd.[3] In less than a year in operation, SureTrader reported more than 100,000 equity transactions daily.[4] Its success prompted a major expansion[5] to meet scaling demands, and the firm set out to increase staff by two hundred percent during March 2012.[6] By 2012 both SureTrader and SpeedTrader were ranked among [7] Barron's top online brokers.

In May 2012, as Suretrader reported averaging thirty thousand transactions daily,[8] Gentile then broke ground on Sur CLub,[9] 1.2 million-dollar sushi restaurant offering both a club and dining experience. It received more than 500 advance applications for its opening night.[10]

On March 23, 2016, Gentile was sued by the U.S. Securities and Exchange Commission for allegedly perpetrating stock manipulation schemes;[11] On January 31, 2017, a United States District Court Judge dismissed all charges.[12]

Bloomberg covered Gentile in an article "Bro, I'm Going Rogue: The Wall Street Informant Who Double-Crossed the FBI" on March 23rd, 2017 [13] covering his work as an FBI informant.

References[edit]

  1. ^ "Stock USA Investments, Inc". Retrieved 2016-06-06. 
  2. ^ "Speed Trader, Inc". Retrieved 2016-06-06. 
  3. ^ "Swiss America Securities, Ltd". Retrieved 2016-06-06. 
  4. ^ "SureTrader targets $25M in revenue". thenassauguardian.com. Retrieved 8 December 2016. 
  5. ^ "Brokerage to increase staff by 200%". thenassauguardian.com. Retrieved 8 December 2016. 
  6. ^ Administrator. "Online brokerage firm eyes major expansion". thenassauguardian.com. Retrieved 8 December 2016. 
  7. ^ "Barron's top online brokers". Retrieved 2016-06-06. 
  8. ^ "SureTrader.com hits 30K transactions per day". thenassauguardian.com. Retrieved 8 December 2016. 
  9. ^ "$1.2M Sur Club begins construction". thenassauguardian.com. Retrieved 8 December 2016. 
  10. ^ "Sur Club receives 500 applications". thenassauguardian.com. Retrieved 8 December 2016. 
  11. ^ Bloomberg News https://www.bloomberg.com/news/articles/2016-03-23/new-york-man-indicted-in-17-million-pump-and-dump-scheme
  12. ^ Faux, Zeke (31 January 2017). "Brokerage Owner Wins Dismissal of $17 Million Fraud Indictment". Bloomberg News. 
  13. ^ Faux, Zeke (23 March 2017). "Bro, I'm Going Rogue: The Wall Street Informant Who Double-Crossed the FBI". Bloomberg News. 

External links[edit]