# Mike Mangieri
Michael "Mike" Mangieri[1](https://find-and-update.company-information.service.gov.uk/officers/tRQMSC1pre2Rb2aGAbBB1m4Xu2Q/appointments) (born 1974[1](https://find-and-update.company-information.service.gov.uk/officers/tRQMSC1pre2Rb2aGAbBB1m4Xu2Q/appointments)) is an American co-founder and managing partner of [Seven Points Capital](https://www.edgepedia.org/seven-points-capital), a proprietary trading firm in New York City that was founded in 2007.[2](https://rate.house/pod_episode/184-mike-mangieri-behind-the-scenes-of-an-equities-day-trading-firm) • [3](https://www.fminsights.com/seven-points-capital-expands-into-london-as-demand-grows-for-fully-funded-mentorship-led-trading-firms/) He is the firm's registered agent in New York State, swears its financial reports filed with the Securities and Exchange Commission, and holds a 25 to 50 percent stake in the firm's United Kingdom affiliate.[4](https://opengovny.com/corporation/3480596) • [5](https://www.sec.gov/Archives/edgar/data/1399880/000139988023000001/public.pdf) • [6](https://opencorpdata.com/uk/OC455766)
| Fact | Detail |
|---|---|
| Full name | Michael Mangieri, born 1974, United States national[1](https://find-and-update.company-information.service.gov.uk/officers/tRQMSC1pre2Rb2aGAbBB1m4Xu2Q/appointments) |
| Role | Co-founder and managing partner, Seven Points Capital[2](https://rate.house/pod_episode/184-mike-mangieri-behind-the-scenes-of-an-equities-day-trading-firm) |
| Firm founded | New York limited liability company, filed February 23, 2007 (organized March 2, 2007 per its SEC filing)[4](https://opengovny.com/corporation/3480596) • [5](https://www.sec.gov/Archives/edgar/data/1399880/000139988023000001/public.pdf) |
| Business | Principal trading of equities and stock options for the firm's own account, cleared fully disclosed through an outside broker[5](https://www.sec.gov/Archives/edgar/data/1399880/000139988023000001/public.pdf) |
| Net capital | $4,334,200 at December 31, 2022, $4,230,987 above the required minimum[5](https://www.sec.gov/Archives/edgar/data/1399880/000139988023000001/public.pdf) |
| Outside funding | None recorded; Tracxn lists the firm as unfunded[7](https://tracxn.com/d/companies/seven-points-capital/__J5xMhdcGuzmbJbbXs7ReX7YFei08Wdv565QDzm8lDWM) |
| Regulatory action | 2013 FINRA censure and $35,000 fine over stock locate rules[8](https://www.sec.gov/Archives/edgar/vprr/1504/15049679.pdf) |
## The founding of Seven Points Capital and what the firm does
Seven Points Capital, LLC was filed with the New York Department of State on February 23, 2007 (DOS #3480596) as a domestic limited liability company in New York County; the firm's own SEC financial report states it was organized under New York law on March 2, 2007.[4](https://opengovny.com/corporation/3480596) • [5](https://www.sec.gov/Archives/edgar/data/1399880/000139988023000001/public.pdf) The company's website says it began as an executing broker for hedge funds and asset managers, and shifted after the financial crisis to building its own trading models and strategies.[9](https://www.sevenpointscapital.com/)
Today the firm's registered business is principal trading of equity and stock option securities for its proprietary account, cleared through another broker-dealer on a fully disclosed basis.[5](https://www.sec.gov/Archives/edgar/data/1399880/000139988023000001/public.pdf) Its current business carries no customer accounts, and the trading is discretionary and directional across multiple time frames rather than systematic market making.[10](https://www.tradermath.org/firms/seven-points-capital) Traders work equities, options, and futures, with the firm supplying capital, technology, and clearing.[10](https://www.tradermath.org/firms/seven-points-capital) The firm's capital is therefore its own: Mangieri has described a fully funded model in which traders receive the firm's capital without paying evaluation fees or contributing their own money.[3](https://www.fminsights.com/seven-points-capital-expands-into-london-as-demand-grows-for-fully-funded-mentorship-led-trading-firms/)
## Regulatory status and disputes on the record
Seven Points Capital is a broker-dealer registered with the SEC and a member of FINRA and SIPC.[5](https://www.sec.gov/Archives/edgar/data/1399880/000139988023000001/public.pdf) It is also an introducing broker registered with the [Commodity Futures Trading Commission](https://www.edgepedia.org/commodity-futures-trading-commission) and the National Futures Association, is registered in eleven state jurisdictions, and has executed equity, option, and municipal securities for customers alongside its principal trading.[8](https://www.sec.gov/Archives/edgar/vprr/1504/15049679.pdf)
In 2013 the firm signed a FINRA Acceptance, Waiver, and Consent agreement; without admitting or denying the charge, it consented to a censure and a $35,000 fine for alleged violations concerning stock locate rules, the rules requiring brokers to reasonably believe a stock can be borrowed before selling it short.[8](https://www.sec.gov/Archives/edgar/vprr/1504/15049679.pdf) The same SEC filing discloses that the firm was a defendant in a lawsuit brought by a real estate broker claiming fees owed for its office space, which management stated would not have a material adverse effect.[8](https://www.sec.gov/Archives/edgar/vprr/1504/15049679.pdf)
## By the numbers
Its net capital, the regulatory measure of its own trading cushion, was $4,334,200 at December 31, 2022, only $4,230,987 above its required minimum of $103,213, with an aggregate-indebtedness-to-net-capital ratio of 0.36 to 1.[5](https://www.sec.gov/Archives/edgar/data/1399880/000139988023000001/public.pdf) Tradermath counts roughly 23 traders working the principal book across New York, London, Norway, Canada, Arizona, and Fort Lauderdale; Tracxn lists 42 employees as of July 1, 2024.[10](https://www.tradermath.org/firms/seven-points-capital) • [7](https://tracxn.com/d/companies/seven-points-capital/__J5xMhdcGuzmbJbbXs7ReX7YFei08Wdv565QDzm8lDWM) At its peak floor operations the firm executed over 6 billion shares annually across US markets from two trading floors.[9](https://www.sevenpointscapital.com/)
Tracxn ranks the firm 81st among 83 active competitors, a list topped by [Citadel Securities](https://www.edgepedia.org/citadel-securities), Balyasny Asset Management, and DRW Trading Group.[7](https://tracxn.com/d/companies/seven-points-capital/__J5xMhdcGuzmbJbbXs7ReX7YFei08Wdv565QDzm8lDWM) Against that ranking, Seven Points operates as a self-capitalized firm: no outside funding rounds are recorded, and its traders' discretionary, directional strategies are not systematic market making.[7](https://tracxn.com/d/companies/seven-points-capital/__J5xMhdcGuzmbJbbXs7ReX7YFei08Wdv565QDzm8lDWM) • [10](https://www.tradermath.org/firms/seven-points-capital)
## Capital, ownership, and recent expansion
The firm has raised no recorded outside capital and remains privately held.[7](https://tracxn.com/d/companies/seven-points-capital/__J5xMhdcGuzmbJbbXs7ReX7YFei08Wdv565QDzm8lDWM) Its expansion has been gradual: it went fully remote in 2020 while expanding its trader team in the United States and Europe, and now operates across five countries.[9](https://www.sevenpointscapital.com/) A Certificate of Change by Entity was filed in New York effective October 12, 2023.[4](https://opengovny.com/corporation/3480596) In 2023 the firm moved into a new global headquarters in New York City and signed a nine-month membership agreement for a Montreal office at 4,200 CAD per month commencing June 2023; in 2024 it opened an office in Arizona.[9](https://www.sevenpointscapital.com/) • [5](https://www.sec.gov/Archives/edgar/data/1399880/000139988023000001/public.pdf)
The most consequential step is the United Kingdom arm. Seven Points Capital UK LLP (company number OC455766) was incorporated on March 5, 2025, with Michael Mangieri, co-founder Michael Katz, and Seven Points Capital, LLC itself as designated members.[6](https://opencorpdata.com/uk/OC455766) Mangieri holds 25 to 50 percent of the LLP's voting rights and rights to surplus assets, as notified the same day.[6](https://opencorpdata.com/uk/OC455766) Trade press reported the London office opening as the firm's response to demand for fully funded, mentorship-led trading firms, with Mangieri saying experienced traders are moving away from short-term, challenge-driven models toward mentorship, structure, and long-term partnership; the firm maintains offices in New York, Arizona, and Fort Lauderdale while supporting remote traders across Canada and Europe.[3](https://www.fminsights.com/seven-points-capital-expands-into-london-as-demand-grows-for-fully-funded-mentorship-led-trading-firms/) The firm also registered as a foreign limited liability company in Florida on October 10, 2017, and has filed annual reports there through April 2025.[11](https://search.sunbiz.org/Inquiry/CorporationSearch/SearchResults?InquiryType=EntityName&InquiryDirectionType=PreviousRecord&SearchTerm=SEVEN%20PROPERTIES%20CORP&SearchNameOrder=SEVENPOINTSECURITY%20P140000697700&ListNameOrder=SEVENPOINTS%203869890&Detail=FL.DOS.Corporations.Shared.Contracts.FilingRecord)
## Mangieri's role today
Mangieri remains co-founder and managing partner, running the firm's operations and overseeing its traders; he occasionally trades volatility products himself while his days mostly revolve around running the firm.[2](https://rate.house/pod_episode/184-mike-mangieri-behind-the-scenes-of-an-equities-day-trading-firm) He is the named contact on the firm's regulatory reports and swore its December 31, 2022 financial report filed with the SEC.[8](https://www.sec.gov/Archives/edgar/vprr/1504/15049679.pdf) • [5](https://www.sec.gov/Archives/edgar/data/1399880/000139988023000001/public.pdf) He is the registered agent of the New York limited liability company at its registered address, 150 East 52nd Street, Suite 3002, New York, NY 10022, and a designated member of the UK affiliate.[4](https://opengovny.com/corporation/3480596) • [1](https://find-and-update.company-information.service.gov.uk/officers/tRQMSC1pre2Rb2aGAbBB1m4Xu2Q/appointments)
## References
1. [Michael Mangieri appointments, UK Companies House](https://find-and-update.company-information.service.gov.uk/officers/tRQMSC1pre2Rb2aGAbBB1m4Xu2Q/appointments)
2. [Episode 184: Mike Mangieri – Behind the scenes of an equities day trading firm (Chat With Traders)](https://rate.house/pod_episode/184-mike-mangieri-behind-the-scenes-of-an-equities-day-trading-firm)
3. [Seven Points Capital Expands into London, Financial Markets iNSiGHTS](https://www.fminsights.com/seven-points-capital-expands-into-london-as-demand-grows-for-fully-funded-mentorship-led-trading-firms/)
4. [Seven Points Capital, LLC, New York Department of State record (OpenGovNY)](https://opengovny.com/corporation/3480596)
5. [Seven Points Capital, LLC, FOCUS financial report filed with the SEC](https://www.sec.gov/Archives/edgar/data/1399880/000139988023000001/public.pdf)
6. [Seven Points Capital UK LLP, Companies House record (OpenCorpData)](https://opencorpdata.com/uk/OC455766)
7. [Seven Points Capital, 2026 Company Profile & Competitors, Tracxn](https://tracxn.com/d/companies/seven-points-capital/__J5xMhdcGuzmbJbbXs7ReX7YFei08Wdv565QDzm8lDWM)
8. [Seven Points Capital, LLC, SEC FOCUS Report filing](https://www.sec.gov/Archives/edgar/vprr/1504/15049679.pdf)
9. [Seven Points Capital, company website](https://www.sevenpointscapital.com/)
10. [Seven Points Capital, Tradermath firm profile](https://www.tradermath.org/firms/seven-points-capital)
11. [Seven Points Capital, LLC, Florida Division of Corporations record](https://search.sunbiz.org/Inquiry/CorporationSearch/SearchResults?InquiryType=EntityName&InquiryDirectionType=PreviousRecord&SearchTerm=SEVEN%20PROPERTIES%20CORP&SearchNameOrder=SEVENPOINTSECURITY%20P140000697700&ListNameOrder=SEVENPOINTS%203869890&Detail=FL.DOS.Corporations.Shared.Contracts.FilingRecord)
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*Topic: Encyclopedia › Society and history › Economics and business › Founders, operators, and investors › Hedge funds, trading firms, and public-market investors › Proprietary trading, market making, and commodity houses › Quantitative and high-frequency trading*
*Initially written Sep 19, 2026 · Reviewed: Sep 19, 2026; Sep 30, 2026 · Edited: Sep 30, 2026; Oct 12, 2026; Oct 15, 2026 · Last review: Sep 30, 2026*
*Copyright 2026 EdgeChat AI, a subsidiary of Biostate AI.*
License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license