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Rogue broker "loses" my £10 million.
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Those following the 7million7years team might be interested in a trader called "7 to 7" who traded £7,000 into £7 million.
A rogue broker failed to put on the trades he was requested to execute, "losing" £10 million, and the trader was only alerted when he received a margin call, having just recently been told he had millions in his account.
"I was making 200 trades a day so it would have been impossible to see the document trail, and it was all going offshore" he claims in this radio interview.
Raj Gill speaks of losing 10 mill - BBC radio programme "Saturday L...
The interview occurs quite late in the programme, around 45 minutes in, so advance the "time elapsed" value into the 40 minute area, by clicking the mouse pointer ahead on the purple line showing how far into the programme you are.
Further details on these webpages:
Raj Gill independent trader sues MF Global Ltd.'s London brokerage ...
MSN report
Times of London report
With online trading, is this trust in your broker now unnecessary ?
KC
Those following the 7million7years team might be interested in a trader called "7 to 7" who traded £7,000 into £7 million.
A rogue broker failed to put on the trades he was requested to execute, "losing" £10 million, and the trader was only alerted when he received a margin call, having just recently been told he had millions in his account.
"I was making 200 trades a day so it would have been impossible to see the document trail, and it was all going offshore" he claims in this radio interview.
Raj Gill speaks of losing 10 mill - BBC radio programme "Saturday L...
The interview occurs quite late in the programme, around 45 minutes in, so advance the "time elapsed" value into the 40 minute area, by clicking the mouse pointer ahead on the purple line showing how far into the programme you are.
Further details on these webpages:
Raj Gill independent trader sues MF Global Ltd.'s London brokerage ...
MSN report
Times of London report
With online trading, is this trust in your broker now unnecessary ?
KC
Comment
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Comment by Josh on July 16, 2009 at 9:07am - check out Zecco, with over 25,000 in equity you pay nothing for 10 trades a month.
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Comment by Adrian on July 4, 2009 at 2:20pm - It's pretty clear to me that brokers are a waste of money ... I pay $7 a trade for the same service and none of the 'disservice' that this trader claims that he received.
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