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Bond Trader Whose Wrong-Way Bets Collapsed Firm Gets 16 Years

A former trader at IFS Securities Inc. was ordered to serve more than 16 years in prison for unauthorized bond trades in 2019 that led to $30 million in losses and bankrupted the Chicago broker-dealer.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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