Hints and tips:
...Strips trading was last in the regulatory spotlight more than two decades ago when in 1994 Joseph Jett, former head of government bond trading at Kidder, Peabody & Co. was fired amid allegations that he...
...Leeson’s fraud collapsed just after Joseph Jett, a trader at Kidder Peabody in New York, had hidden losses of $74m while pretending to make a profit of $264m trading bonds....
...Unless, of course, things reach epic proportions and then we know them by their names: Jérôme Kerviel, Nick Leeson and Joseph Jett. What is a remedy for this vicious cycle?...
...Kidder’s bond trading desk was run by Joseph Jett, who made a series of fictitious trades to inflate his own bonus....
...What a shame they didn't listen, since rogue trader Joseph Jett was already doing his best to destroy all but the furniture....
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