Suspected $150 million rogue trade uncovered at Threadneedle
City of London Police investigating blocked trade
City of London police are investigating a suspected $150 million rogue trade at London-based investment house Threadneedle, a subsidiary of US financial services group Ameriprise.
A junior trader was dismissed after internal controls blocked the trade – linked to Argentine warrants – and alerted management.
"In August 2011, our systems stopped a suspicious attempted trade. The matter was
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