Guy Gentile former StockUSA owner charged by The Securities and Exchange Commission.
On March 23, 2016, the SEC charged Guy Gentile, a former registered representative and owner of StockUSA Execution Services of Carmel, NY with improper manipulation of “penny stocks.”
The SEC complaint alleges that Gentile, who owned and ran StockUSA manipulated trading, improperly made payments, and created fake promotional materials touting natural resources companies such as raven Gold and Kentucky USA Energy. The SEC claims that most of the activity in the trading of the companies stocks was generated by Gentile as part of an effort to manipulate the price for profit.
Guy Gentile’s registration and disciplinary history
In order to lawfully sell investments to the public, one must either be registered or exempt from registration.
Guy Gentile was registered with StockUSA Execution Services from April, 2001 through March, 2012.
According to FINRA’s CRD disclosure report, Guy Gentile has been the subject of one regulatory investigation.
His former company, StockUSA Execution Services has been the subject of 15 regulatory investigations and one arbitration.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery. For the past 23 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions. During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies. The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.
When investors contact our firm they can expect prompt attention, and a detailed analysis of their issues. Typical claims that we are asked to review involve “unsuitability (where a financial advisor makes investment recommendations that are inconsistent with a customer’s investment objectives), claims for “churning” (where a broker enters into an excessive number of trades for the purpose of generating commissions), claims involving illiquid investments such as private placements (I.e., real estate investment trusts, limited partnerships, equipment leasing and oil and gas drilling programs) as well as claims for violations of state securities laws, which often provide investors remedies like attorney’s fees and interest, if they are successful on the claim.
If you suspect that you have been the victim of investment fraud, or had a financial advisor recommend unsuitable investments to you, call us today for a free, confidential consultation at (702) 380-3131.