Feds Say Trader Used Client Account for Fraudulent Stock Deal
Securities fraud often involves a financial professional exploiting a client for personal gain. Law enforcement agents claim this is what happened last October at Rochdale Securities, a Stamford, Conn.-based financial services firm. One of its former traders, David Miller, bought more than 1.6 million shares of Apple stock (worth $1 billion) for a client who later claimed he’d only wanted 1,625 shares, according to an article