Wednesday, June 30, 2010

Every compliance manager's nightmare

A British oil broker spent $520,000,000 of his clients' money while in a drunken haze. The drunken binge happened last June. Apparently, this caused world oil prices to jump $1.50 a barrel last summer. His employers' procedures failed to stop or even notice the half-billion dollar trades made late at night from his laptop.

Thank goodness things like this don't happen with medical devices.

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