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0 pointsponector2y ago0 comments

And then you hear stories like that one about french trader Jérôme Kerviel who did unauthorized trades with 5 billion losses.

And many more stories like that.

But yes, for small fish there is an approval process for everything, even to but a paper clip.

0 comments

blibble2y ago

controls applied to traders are very different

a common thread in these modern rogue trader scandals are that the perp worked on the controls or monitoring system in a role prior to becoming a trader

so they knew how to structure their trades in such a way to evade detection

j / k navigate · click thread line to collapse