SEC Says Bahamas Firm Was Set Up To Skirt Day Trading Rules

By Carolina Bolado (June 14, 2024, 8:44 PM EDT) -- The U.S. Securities and Exchange Commission opened its case Friday against high-frequency trading expert — and former government informant — Guy Gentile, telling jurors in Florida federal court that he set up a broker-dealer in the Bahamas specifically to evade U.S. day trading regulations designed to protect American investors....

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