Hedge Fund News From HedgeCo.Net

Unauthorized Apple buy bites Wall Street firm

NYP – One overambitious Wall Street trader has put the future of his firm in peril after making an unauthorized purchase of Apple shares — just as they started a 17 percent decline, according to one report.

Rochdale Securities, a small Stamford, Conn., brokerage firm, put out a call yesterday for more capital after the misguided Apple buy led to losses, the report by Bloomberg said.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply