Tag Archives: rogue-trader


FSA faces multimillion claim for failing to stop Terry Freeman trading

March 5, 2009 : Permalink

Times Online – The Financial Services Authority is facing a multimillion-pound compensation claim from a group of investors who say that the City watchdog failed to stop the activities of a suspected rogue trader. Former clients of GFX Capital Markets, […]

Hedge Funds, Other Large Institutions Burned By Madoff

December 15, 2008 : Permalink

New York (HedgeCo.Net) – Just days after what could prove to be the largest Wall Street sham in history, investors that were burned by Bernard Madoff are coming forward in droves. Spanish bank Santander, along with French bank BNP Paribas […]

French Trader Detained After Losing $1 Billion

November 3, 2008 : Permalink

New York (HedgeCo.Net) – French officials have arrested a trader who allegedly lost more than $1 billion in complex derivative trades.  Boris Picano-Nacci of mutual bank Caisse d’Epargne was taken in for questioning last week, days after the loss forced […]