Not to mention his divorce cost him half of his original fortune.
How can any of us have confidence leaving money with any broker now? I really don't understand how the regulators can allow this blow to confidence in the financial system.
Are his trades described in detail anywhere? I see a link to a WSJ article, but I don't subscribe.
Based on what I have read so far, it sounds like he was supposed to be - for example, buying ES (stock index futures) and short an equivalent position in SPY (ETF), and he was...
That was fun.. Trade is simple, but the adds, sell the subtracts. I didnt have guts to short AAPL, but flipped intc msft and orcl
look at the price action and volume of those stocks during the last 10 minutes