Business Owner, Licensed Stock Broker.
In 1997 at age 21, Guy Gentile developed an interest in day trading and started one of the first blogs on the subject. Within a six week period the blog became so successful it attracted paying subscribers. As a result, Guy enrolled and passed the requisite Series 7 exam with the objective of becoming a licensed online stock broker. In 1999 he registered his first business, ‘DayTrader Pro’ with offices in Carmel, New York.
Later that year, Guy’s tech abilities and business acumen enabled him to establish Speedtrader.com, which provided direct access online trading software to investors and active day traders who needed or wanted more than just an online broker. He became one of the youngest people to own a registered brokerage firms in America. His business grew along with his reputation.
On Friday July 13th, 2012, Guy was arrested by Customs and Border Control whilst seated on a plane at Westchester Airport, New York. After being handcuffed and read his rights, two waiting FBI agents took charge.
On his way to a Newark Jail, he learned he was charged with wire fraud. The FBI agents explained that they wanted his cooperation on certain related to people he’d done business with in 2007-2008 mainly former securities lawyer Adam Gottbetter, and with the threat of a wire fraud charge now facing him he agreed to assist if they made the charges, “go away.” They quickly agreed with a confident, “we can do that” and a verbal agreement had been reached.
However, he still had to go to county jail in NJ and over the course of the weekend he learned from the agents that they were primarily interested in Gottbetter as they believed he was involved in various securities frauds. They also asked his assistance in bringing to justice, Samuel DelPresto, Mike Taxon and Itamar Cohen.