In this securities class action, 250 class members claimed their broker had engaged in unauthorized trading when he moved their money out of the stock market to a more conservative investment allocation just days before a market crash. (kyl.com)
Last week, an E * Trade office in Manila was raided, and several dozen of its employees arrested and temporarily detained, as part of a probe into whether the staffers were making unauthorized trades for customers in the U.S. (fortune.com)
Late in the quarter, UBS disclosed that unauthorized trading for the bank's account had generated a $ 2.3 billion loss and soon after CEO Oswald Grübel resigned. (oakmark.com)