Trader gets 30 months for moving decimal point in Apple order

November 20, 2013 Posted By: Leave a comment
The client ordered 1,625 shares of Apple, the broker bought 1.6 million.

FORTUNE -- Last fall, David Miller thought he'd found a sure-fire way to dig himself out of debt.

The Rochdale Securities trader had watched Apple (AAPL) shares fall in the space of a month from above $700 to below $600. Earnings were due out Oct. 25, and Miller...

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