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The good news is that a clever analyst on the staff figured out that specialists had found a way to trade for their own accounts when they were supposed to be pairing customer orders.
A basic understanding also means you'll never be hoodwinked by a clever analyst.
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America has a huge retail and institutional investor base for such companies, with armies of clever analysts and investors willing to throw money at promising ideas and pull it out of others.
A recent MIT study determined that even "anonymised" location-tracking data from mobile phones can uniquely identify 95% of individuals; a Cambridge study found that simply "Liking" things on Facebook can reveal, to clever analysts, lots of personal things, such as sexual orientation and "use of addictive substances", which one might prefer to keep private.
The City is huffing and puffing but largely because its ever-so-clever analysts failed to spot that Railtrack was, in effect, bankrupt from the outset.
Too-clever analysts have been suggesting the past few weeks that the president could benefit from GOP House control, giving him a political foil.
Try a mix of analyst, clever best friend and voice of an entire electoral class.
"What a clever move," John Mansell, an analyst for Kagan World Media, said.
He was later sentenced to life imprisonment.The news that Mr Franklin had recently been co-operating with federal agents makes it possible that the investigation will snare bigger fish than the clever but eccentric staff analyst (a former Pentagon colleague calls him a "nutty-professor type").
Legions of clever, well-paid investment analysts and investors failed to see the crisis coming.
Then, the analyst said, "the clever ones began to get in on the action".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com