Four days later Semgroup first announced that it had liquidity problems and sold its NYMEX trading account to Barclay's.
The latter, a commodities trader, now feared that the IRS would levy his trading account, effectively putting him out of business.
The next trading day, October 19, 2009, Wellington opened a trading account and began buying shares, as did Vance shortly thereafter.
Suppose a share-trading account is closed for lack of verification: who bears the risk if the price of the shares in the account fall?
He said if a person files for bankruptcy in the U.S., their UK forex trading account capital and rights are protected from U.S. bankruptcy courts.
Etay also mentions the Nimkey Trojan that infiltrated a Romanian cement company late last year and stole 1.6 million carbon credits from their trading account.
But before putting a single cent of a trading account on the line, traders must determine how much they are willing to lose in this trade.
With respect to the allegation of unauthorized trading, we found that (with the exception of a small trading account managed by the Claimants) the accounts were third-party discretionary accounts.
Mark-to-market accounting rules, which the government imposed in 2007, forced banks and life insurance companies to write down the value of their regulatory capital as if it were a day-trading account.
As I mentioned above investors are about to get hit between the eyes and potentially the wallet and trading account over the next week as nearly 500 companies report their quarterly results.
FORBES: As Trading Volumes Plummet, What About Exchange & Investment Banking Stocks?
Each contestant was given a fictional trading account and 1 million "CNBC bucks" and told to go ahead and "trade" any stock on the New York Stock Exchange, Nasdaq or American Stock Exchange.
He joined Goldman Sachs in 2005 and worked there until his sacking, for building up "inappropriately large proprietary futures positions in a firm trading account", according to a filing with the Financial Industry Regulatory Authority (Finra).
BBC: Former Goldman Sachs trader pleads guilty to wire fraud
Goldman fired Mr. Taylor on Dec. 21, 2007, for "alleged conduct related to inappropriately large proprietary futures positions in a firm trading account, " the bank wrote in a filing submitted to the Financial Industry Regulatory Authority, which oversees broker-dealers.
This narrow definition of trading account, with a focus on intent to sell the assets in the next 60 days, would allow JP Morgan to argue that the chief investment office portfolio, classified as held for sale, was not a trading account.
According to court papers filed in Manhattan, Taylor entered fictitious information in trading account records and lied to company representatives to cover up the fact that he had put 10 times more money at risk in the trade than he was allowed.
They showed greenhouse gas emissions rose by 1.9% on 2009 figures, after taking emissions trading into account.
Currency mutual funds and hedge funds that deal in forex trading need account managers and professional forex traders to make buy and sell decisions.
To the pantheon of dumb, predatory Wall Street ideas comes a doozie from Firstrade: Day-trading your retirement account.
As senior trader for MF Global, Grady runs an operation that executes orders for brokers in gold, silver and copper, as well as trading his own account.
FORBES: MF Global's Kevin Grady: 'The Key Is Managing Your Risk'
He does the trading in a retirement account so as not to suffer a tax hit on short-term gains.
It had been probed for front-running (trading for its own account before filling client orders) and separately found guilty of technical violations.
Huw van Steenis, an analyst at Morgan Stanley, says that since investment banks are now relying more on client businesses and less on trading on their own account, revenues have become more volatile.
While he was trading on the information for himself and Lyford Cay fund, a Bear Stearns colleague, Robert Babcock, 33, figured out the trading patterns and began to mimic Franklin's trading for his own account.
The biggest mistake Citi and other banks made during the boom, he said, was coming to believe that investing and trading on their own account, rather than on behalf of their clients, was a basic aspect of banking.
Marketocracy and Foliofn take care of account administration and trading, and stock pickers like Rees research and trade stocks for their online Marketocracy portfolios.
But differences in how banks account for their trading positions may have a big influence on how well they ultimately make out with their bets.
Of the financial bellwethers, the picture has been mixed so far as JPMorgan reported strong earnings but Citigroup missed on account of poor trading revenues.
FORBES: Goldman's Golden Trading Goose Lays An Egg, Stock Looks Fairly-Valued At Best
Though he is pessimistic about the present state of the trading system, his lucid account of its history shows that global trade talks have a way of muddling through.
Still, taking into account estimates of trading volumes and margin payments, it is conceivable that an individual hedge fund, if it had no regard for counterparty risk, could have dominated trading of an individual bank's CDS on any given day.
Some 70% of Goldman's net revenues now come from trading and investing on its own account.
ECONOMIST: American investment banks: Streets ahead of the rest | The
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