If you buy early and the story reaches enough people
 the stock’s going to fly – truth or no truth –  and you’ve sold
 well before the company issues the denial.
Some days you’ll feel like ramping the stock, on others
 you’re just one more breath adding to the wind.
 But you keep scanning the screens and your
fingers know what they’re doing before your eye
 has caught up. The rules say specify who’s your client
 before the trade, but as a broker, trade first, account later.
There’s always a rosy-cheeked pension fund
 that can take the strain, but if you hit the jackpot
 this one’s for the boys. Everyone has dummy punters
so you set up with a civilian friend , go 60-40
 on each deal, but you must have it on the same day
 and you take the 60. His account is entirely
under your control, you have tacit approval to move
 unlimited stock through it, so long as he’s always up
 by the end of the week. Compliance don’t move a muscle,
assume he’s a proper punter and you throw in a few
 losing trades to put them off the scent. You take six figure
 positions in his name. Every smash and grab
will be marked on a dealing ticket with his number.
 You pass it to the back office who put the trade
 in the system. A few hours later you’re picking up
the folding wad in a bar off Shepherd’s Market.
 If your son’s a doctor he’ll give you a flu jab; if your dad’s
 a solicitor he’ll fix your conveyancing, won’t he?
Josh Ekroy
 illustration Nick Victor


This is a good piece.
Comment by ELR on 3 November, 2015 at 11:57 pm