Former Informant Can’t Stop SEC’s Investigation, Judge Says

Guy Gentile can’t make the SEC stop investigating him anytime soon, a federal judge said March 8.

Gentile became a U.S. government informant in 2012, but learned he was the target of a Securities and Exchange Commission investigation in 2015. He said the investigation was unauthorized, but still can’t get a temporary restraining order to halt it, the U.S. District Court for the District of New Jersey said, denying his motion for a TRO.

A 2013 formal order of investigation gave the agency the go-ahead to investigate a group called Traders Cafe LLC, the opinion said. Since at least ...