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.
The firm has spoken to potential investors. Dan Crowley, Rochdale’s president since 2009,
told Dow Jones that the report about the firm was “pretty much accurate…..”
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