Day trader awarded £20m compensation.....this doesn't make sense

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Old May 7, 2009, 8:24am   #1
 
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Day trader awarded £20m compensation.....this doesn't make sense

Rajesh Gill, ‘7 to 7’ day trader, awarded £20m for City fraud - Times Online

If he's such a hot day trader than turned £7k to £7m in 2 years why does he have MF Global managing his account for him?

If he's that hot a trader why's he letting somone else provide him with average returns?
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Old May 7, 2009, 8:31am   #2
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fishier than an cod's armpit this one methinks.
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Old May 7, 2009, 8:38am   #3
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Quote:
Originally Posted by foredog View Post
If he's such a hot day trader than turned £7k to £7m in 2 years why does he have MF Global managing his account for him?

If he's that hot a trader why's he letting somone else provide him with average returns?
It’s a little easier to trade £7K with stunning returns than it is £7M. And while £7M is hardly a King’s Ransom, he may have preferred the 20% on £7M to 1000% on £7K.
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Thanks! The following members like this post: Lord Flasheart
Old May 7, 2009, 8:48am   #4
 
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foredog started this thread Just think if he'd been trading for that long he might have taken an interest in what MF were doing, maybe the odd statement of account showing what he's invested in etc.
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Old May 7, 2009, 9:34am   #5
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Originally Posted by foredog View Post
Rajesh Gill, ‘7 to 7’ day trader, awarded £20m for City fraud - Times Online

If he's such a hot day trader than turned £7k to £7m in 2 years why does he have MF Global managing his account for him?

If he's that hot a trader why's he letting somone else provide him with average returns?
Why don't you ask him...he is a member of this forum!
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Old May 7, 2009, 9:36am   #6
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Is he? what's his nick?
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Old May 7, 2009, 9:36am   #7
 
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foredog started this thread Give him a few days, probably sleeping off all the champagne!!!
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