Breaking the bank: the 'rogue dealer' who brought down Barings is in custody but others share blame for the debacle

Article Abstract:

Leeson, a trader with the Singapore office of Barings PLC, allegedly lost more than $1 billion in high-risk derivatives transactions. He was arrested in Germany, and charged with foregery. However, there is some evidence that senior Barings officials knew about his trading strategy.

Cases, Finance, Derivatives (Financial instruments), Leeson, Nicholas W., Merchant banks, Floor traders (Finance), Barings PLC, Forgery

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No more Mr. Nice Guy: the OSC cracks down on Gordon Capital

Article Abstract:

The OSC rejected a settlement with the securities firm of Gordon Capital Corp that would have fined the firm $4 million and suspended chmn James Connacher for 45 days. The OSC decided to impose stiffer penalties on Gordon Capital for their role in questionable trading strategies.

Securities industry, Gordon Capital Corp.

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The pay perks of the rich

Article Abstract:

Concerns about the huge salaries of some chief executive officers have the Ontario Securities Commission debating the public's right to know what CEOs earn. For example, Peter Munk of American Barrick earned $32,618,150 in 1991, a 4,121% raise.

Compensation and benefits, Chief executive officers, Financial disclosure

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