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Rochdale Securities

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Financial Markets

Trader Who Brought Down Firm Pleads Guilty

Hands up - he pleads guilty.

For Hire

Financial Markets

People News - Barclays, JPMorgan, Morgan Stanley, Raymond James, Rochdale Securities, Deutsche Bank

Barclays has lost three of its top technology investment bankers in New York this week to a rival, according to people familiar with the matter.

Morgan Stanley HQ

Financial Markets

Morgan Stanley and BlackRock Settle With Employees

Morgan Stanley Wealth Management has reached a legal settlement with a former Risk Officer who claimed he was fired for reporting a broker at the firm was improperly 'churning' securities.

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Rotten Apple

Financial Markets

Ex-Rochdale Trader Arrested in Apple Stock Case

A former Rochdale Securities trader was arrested on wire fraud charges in connection with an unauthorized $1bn purchase of Apple stock that backfired, costing his company $5m, the U.S. said.

For Hire

Financial Markets

People and Hiring News

Goldman Sachs CEO Lloyd Blankfein and President Gary Cohn have exercised more 10-year-old stock options, boosting their total gains to more than $5m each.

Exit Sign

Financial Markets

Rochdale Defections Mount, BofA / Citi Departures, Goldman Relocation

Rochdale Securities LLC, the brokerage struggling to survive and keep its staff after an unapproved $1bn trade in Apple soured, lost three more traders to competitors.

Exit Sign

Financial Markets

Rochdale Trading Co-Heads Leave to Join Rival Brokerage

Rochdale Securities, the brokerage struggling to survive after an unapproved $1bn trade in Apple Inc. went sour, lost its two co-heads of trading to a rival firm.

Magnifying Glass

Financial Markets

Rochdale Said Still Struggling, Legg Mason Under Review

Rochdale Securities is struggling to secure a deep-pocketed buyer three weeks after a former trader, identified as David Miller, saddled the firm with $1bn in 'unauthorized' Apple trades that it wasn’t able to cover.

Lanes Merge Road Sign

Financial Markets

Gleacher Sale May Be On The Cards, No News Yet About Fate Of Rochdale Securities

Gleacher & Co, a small broker-dealer whose shares have plunged 43% in the past 12 months, said it is no longer pursuing short-term fixes for its low share price, prompting investor speculation that it is close to a sale.

Rotten Apple

Financial Markets

Report - FBI Begins Trader Probe As Securities Firm Teeters On The Brink

'He walked out the door the next day and never came back', said one person familiar with the situation.

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