Norwegians convicted for outwitting trading system - OVERTURNED

NVP · May 3, 2012, 5:41am

Quote:

Originally Posted by 6am

I am angry. If you lose it is OK. If you win they will investigate you for two years and in the best case scenario find you not guilty. They have got 2 years of hell for winning $28000 dollars. I want justice for these guys. Apology from IB and a heavy compensation.

dont get angry.....get even

the hare · May 3, 2012, 7:58am

Quote:

Originally Posted by rsh01

sure there was a guy who did something similar but on much basic level & got heavily fined? think it was in the uk - cannot find the link.

This is the guy, IIRC he was fined over a million sterling for exploiting someone elses stupidity !

Scots trader fined £1m after betting on London Stock Exchange - The Daily Record

To fine someone for thinking doesnt quite seem right.

scose-no-doubt · May 3, 2012, 8:00am

seem.

the hare · May 3, 2012, 8:03am

Quote:

Originally Posted by scose-no-doubt

seem.

thank you kind sir. If only my English teachers had shown such dedication

scose-no-doubt · May 3, 2012, 8:04am

It's the only thing I'm good for around here. Can't really help out any other way - and I've been proven sh*t at it recently too.

Lulz can only get me so far.

Lord Flasheart · May 3, 2012, 8:06am

Quote:

Originally Posted by the hare

This is the guy, IIRC he was fined over a million sterling for exploiting someone elses stupidity !

Scots trader fined £1m after betting on London Stock Exchange - The Daily Record

To fine someone for thinking doesnt quite seem right.

Im confused by what he did.He beat the companies and seemed to do nothing wrong.If they are saying he did wrong,then he should be fined the whole lot and more.How can they go 1/2 way?.anyone know exactly what he did? How can small bets at start of day influence the day price on a regular bases

scose-no-doubt · May 3, 2012, 8:09am

He pushed low vol stocks up through the real market and placed a larger spread bet to benefit from the move up as the SB markets are priced from real feeds innit bruv.

Lord Flasheart · May 3, 2012, 8:13am

Quote:

Originally Posted by scose-no-doubt

He pushed low vol stocks up through the real market and placed a larger spread bet to benefit from the move up as the SB markets are priced from real feeds innit bruv.

thanks,thats hardly illegal,they dont deserve their money back,if they lay a spread thats their problem

May 3, 2012, 8:00am	#11
scose-no-doubt Legendary Member Member Since Apr 2010 4,550 Posts	Re: Norwegians convicted for outwitting trading system - OVERTURNED seem. __________________ "What the **** is going on here?!" - Mickey B Looks like Scose be trollin' 'aaaaard tho... as far as some are concerned!

May 3, 2012, 8:04am	#13
scose-no-doubt Legendary Member Member Since Apr 2010 4,550 Posts	Re: Norwegians convicted for outwitting trading system - OVERTURNED It's the only thing I'm good for around here. Can't really help out any other way - and I've been proven sht at it recently too. Lulz can only get me so far. __________________ "What the *** is going on here?!" - Mickey B Looks like Scose be trollin' 'aaaaard tho... as far as some are concerned!

May 3, 2012, 8:09am	#15
scose-no-doubt Legendary Member Member Since Apr 2010 4,550 Posts	Re: Norwegians convicted for outwitting trading system - OVERTURNED He pushed low vol stocks up through the real market and placed a larger spread bet to benefit from the move up as the SB markets are priced from real feeds innit bruv. __________________ "What the **** is going on here?!" - Mickey B Looks like Scose be trollin' 'aaaaard tho... as far as some are concerned!

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