Broker loses bid to sue SEC citing Bahamian law

By Ivan Moreno (September 2, 2022, 7:54 p.m. EDT) – A federal judge in Florida on Friday rejected a Bahamian broker’s bid to dismiss his firm from a civil case alleging he circumvented U.S. regulations on the day trading, saying he lacked standing to make the claim because the company has already defaulted in court.

U.S. District Judge Beth Bloom was responding earlier on Friday to a Guy Gentile filing that claimed the U.S. Securities and Exchange Commission’s failure to follow his country’s laws meant the courts would not recognize any judgments against the company. at the center of the SEC’s complaint. , Sure Trader.

“Gentile does not claim that the Court lacks jurisdiction in the matter…

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