Securities Sleight of Hand A 26 year old trader at Chief Securities in Hong Kong has been arrested and charged with allegedly causing losses of HK$150 million (US$19. 1 million) through unauthorized investments.
At first glance, the case appears to be an isolated incident, but a closer look reveals a pattern of reckless behavior that has been tolerated or even encouraged by some in the industry for too long.
The suspect had worked as a trader at Chief Securities for only about six months, raising questions about the adequacy of background checks and training programs.