omg! Guy Gentile Suretrader was commiting securities fraud all along

[Grantx]

^?

You haven't heard of the 'karen' ?
From Wikipedia :
Karen is a slang term that is used to typify a woman perceived to be entitled or demanding beyond the scope of what is considered appropriate or necessary. One of the most common Karen stereotypes is that of a white middle-aged woman, typically American, who displays aggressive behavior when she is obstructed from getting her way; such women are often depicted as demanding to "speak to the manager" and sometimes have a variation of the bob cut.

 

[qlai]

You haven't heard of the 'karen' ?

Lol, never knew that. I have met this Karen and she’s super nice person. Btw, I believe she’s his ex-wife. She’s running DAS Trader.

 

[BAT31]

https://www.tradingschools.org/sure-trader-now-we-know-the-truth/

I think he is on twitter now trying to victimize even more suckers

Emmett Moore does great and redemptive work over at Trading Schools.

 

[ironchef]

I dont really believe this story.
Sure, SureTrader looked suspicious being offshore, and I wouldn’t send them my money. But many people used them for years and were able to trade and transfer money in and out. While the SEC also investigated them many times and never found outright fraud.
And many of the SEC rules still apply to international firms offering investments to Americans (that’s why we’re not permitted to trade international options), so the SEC would’ve found many wrongdoings if they didn’t even send your orders to exchanges. And the SEC was very interested in them and did try to find reasons to disallow them from doing business with Americans, or shut them down.
Anyway, here is another story on the closing of SureTrader that seems less sensational and more in line with what I’d believe:
https://www.warriortrading.com/suretrader-is-closing-down/

(Btw, how many people here on ET complained that SureTrader stole their money and wouldn’t allow them to withdraw? This forum often gets stray visitors who complain about whatever broker they’ve dealt with.)

Many people used Madoff for years and years and were able to transfer money in and out. SEC didn't find any wrong doing either.

 

[guru]

Many people used Madoff for years and years and were able to transfer money in and out. SEC didn't find any wrong doing either.

Yes, but that’s not what that article says. It’s just a bunch of speculative assumptions, including that no one ever made any trades and never tried to withdraw money, without details, examples, victims, or anything. It gives the writer as much credibility as SureTrader.

 

[systematictrader]

Many people used Madoff for years and years and were able to transfer money in and out. SEC didn't find any wrong doing either.

Hahahaha
Good one

 

[eastern_warrior]

I dont really believe this story.
Sure, SureTrader looked suspicious being offshore, and I wouldn’t send them my money. But many people used them for years and were able to trade and transfer money in and out. While the SEC also investigated them many times and never found outright fraud.
And many of the SEC rules still apply to international firms offering investments to Americans (that’s why we’re not permitted to trade international options), so the SEC would’ve found many wrongdoings if they didn’t even send your orders to exchanges. And the SEC was very interested in them and did try to find reasons to disallow them from doing business with Americans, or shut them down.
Anyway, here is another story on the closing of SureTrader that seems less sensational and more in line with what I’d believe:
https://www.warriortrading.com/suretrader-is-closing-down/

(Btw, how many people here on ET complained that SureTrader stole their money and wouldn’t allow them to withdraw? This forum often gets stray visitors who complain about whatever broker they’ve dealt with.)

I'm not so sure. Someone quick should get the movie and book rights
https://www.courthousenews.com/rogue-informant-sues-sec-over-retaliatory-subpoenas/

 

[OMoney]

Karen is his X wife that owns the trading software platform.

Consider that the SEC is not going to stop until they get Gentile behind bars. He was an FBI informer to stay out of jail himself for his part on the penny stock scam, but they have not stopped.

Closing down Sure Trader was a way for people to get around the Pattern Day Trader rule, so the SEC closed it. Sure took them a long time.

It's likely that the SEC and Finra will eventually find a way to close down SpeedTrader as well. It would be a good idea to get an account out of there if you have one.

 

[kategentile]

You haven't heard of the 'karen' ?
From Wikipedia :
Karen is a slang term that is used to typify a woman perceived to be entitled or demanding beyond the scope of what is considered appropriate or necessary. One of the most common Karen stereotypes is that of a white middle-aged woman, typically American, who displays aggressive behavior when she is obstructed from getting her way; such women are often depicted as demanding to "speak to the manager" and sometimes have a variation of the bob cut.

First of all, I’m their daughter lol. My dad is no longer married to my mother and she is also not white, my mom is mixed race half jamaican half asian half european. She is not a stereotypical karen lol

 

[kategentile]

And he's married to a Karen..

Divorced.