Sentence examples for unauthorised trades from inspiring English sources

Mr Kerviel's three-week trial for losing €4.9bn in unauthorised trades in 2008 has just ended.

At one point, he ran up about €38bn in unauthorised trades, which when discovered had to be carefully unwound.

The unauthorised trades remained hidden for years in so-called umbrella accounts set up to store the funds.

More recently UBS's Kweku Adoboli only got a sentence half as long for losing $2.3bn in unauthorised trades from his London office.

Société Générale "rogue trader", Jeroen Kerviel, has turned himself into French authorities to begin his three-year jail sentence, for costing his former employer €4.9bn through unauthorised trades.

These traders have two crucial things in common: they were all supposed to take essentially riskless positions and yet they were able to hide huge unauthorised trades because of an astonishing lack of supervision.

This failure contributed to Adoboli's unauthorised trading continuing unchecked.

A report filed by federal regulators in 2003 concluded he had "engaged in fraud, breach of fiduciary duty, churning, unauthorised trading and unsuitable investments" on behalf of clients.

AIB may now be reconsidering that commitment, after the astonishing news that a foreign-exchange trader at Allfirst's Baltimore headquarters managed to lose $750m in unauthorised trading.

The Swiss bank's chief executive, Oswald Grübel, who is under fire over alleged "unauthorised trading" by Kweku Adoboli in London, left the meeting at the bank's Singapore office without commenting on his future.

The loss was caused by an employee's unauthorised trading of options linked to London's stockmarket index.Overcapitalised banks have been handing out loans left, right and centre.