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Another firm, through which Miller shorted 500, 000 shares of Apple as a hedge, and ostensibly on behalf of a corporate client, was also put at risk of losses, but managed to exit those trades at a profit.
FORBES: Guilty Plea In Billion-Dollar Apple Trade That Left Rochdale Holding The Bag
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The Cypriot president said if he hadn't accepted the tax on bank deposits, the European Central Bank would have stopped providing emergency funds to the country's top two lenders which would have led to the collapse of the banking system, the bankruptcy of thousands of small businesses, massive job losses, and ultimately the country's exit from the euro.
NPR: Cyprus President Tries To Amend Bailout Plan
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Many investors worry there are likely to be more losses to come amid worries about possible contagion should Greece exit the euro zone.
WSJ: U.S. Stocks Tumble, Treasury Yields Sink to Record Lows
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"Management may look to exit parts or all of its international operations to reduce losses and to raise cash, " said Singer Capital Markets analyst Mark Photiades.
BBC: Game shares soar on revised banking facilities
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The ACC claims that the exit fee is necessary to provide some financial protection against potential damages and losses for members of the ACC that remain after a withdrawal by another member.
FORBES: Move up http://i.forbesimg.com t Move down
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Stocks rallying off earlier losses as Greek leaders set a meeting for tomorrow in an effort to prevent a possible exit from the Euro.
FORBES: Daily Wrap
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Analysts said the exit of long positions, especially in gold, was likely profit-taking to shore up losses in other markets.
FORBES: FOCUS: Speculators Scurry From Precious, Base Metals - CFTC