Last week a UBS trader was arrested for losing 2 Billion dollars of the Banks funds. UBS says it was not client funds (I’m not sure I believe that), but either way the stock jumped down.
This is another great reason why you should not trust your money with anyone, even a “professional” trader.
This is why I teach members to learn to trade for themselves.
Below is the link to the article (a very good read):
http://news.yahoo.com/ubs-trader-2-billion-loss-unauthorized-trade-071105601.html
Helping you retire on time,
Big A