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EL “BROKER” QUE QUERÍA RETIRARSE ANTES DE CUMPLIR 40 AÑOS

My colleague Jorge told me in the 2000 bubbling right in the "dotcom":

– Tengo un amigo broker en Wall Street. We were mates at school desk. El hizo económicas y encontró en EEUU un buen puesto de broker,it's like there call the agents of change and bag. It is gaining both saying that if he keeps the streak before he retires 40 years old.

I did not do any attention, did not believe. Are things said, fantasmadas, jokes, pensé. Años después lo recordaba y me daba cuenta que aquellas fantasmadas del amigo de Jorge eran realidad en muchos brokers que salían del negocio millonarios antes, or after, of getting into trouble.

Namely, reaccioné de igual forma que cuando vi como exhortaba el trader (*) Gordon Geko al joven e inexperto broker Bud Fox en la película Wall Street (1987): "I speak of 50, of 100 million. The millionaire on anything ". I left the cinema with my wife commenting that character was heavily exaggerated, they were things American film. Several years later I found that sometimes reality, certainly, overcomes fiction.

Some financial products, por ejemplo los hedge funds, just had operating controls and restrictions. Dependían básicamente de las habilidades de contratación de sus gestores y por tanto tenían una característica muy diferencial con productos financieros standard: las remuneración de los gestores se basaban en altas comisiones y bonus que llegaban a alcanzar el 25% obtain the benefits. Because trading volumes were very high and usually frequent operations, podemos imaginar las cifras astronómicas que llegaban a alcanzar ciertos brokers en un día, one week, one month. And it is easy to imagine what these magicians could ramble floors if they faltered consciousness similar proportion to his increasing greed.

Hay casos de demandas contra brokers por sus malas prácticas, or accountable for bad practices of his aides. Es the case of the Spanish Javier Martin-Artajo, quien en el 2012 was charged in London in disguise JPMORGAN the value of their transactions in complex financial products to hide their heads in the central New York losses estimated at 4.600 millones de euros , which meant that in August 2013 the U.S. government formally requested his extradition to stand trial in the U.S.. Martin-Artajo, Director of investments in bonds and European equities charged in the 2010 12,75 million annually, and the 2011 and 2012 above 10 millones de dólares. The sea,milliona Bud.

La pasada semana la Sección Tercera de la Sala de lo Penal denegó la entrega de Martín-Artajo porque los hechos que se le imputan se cometieron en Londres, donde él trabajaba y tenía su sede el bando estadounidense, y porque el reclamado tiene la nacionalidad española.

Estos sofisticados casos penales son más complicados que robar una gallina y los magistrados, que no pueden ser superexpertos en toda clase de materias, se han curado en salud y se han opuesto a la extradición contra la petición de la Fiscalía sin “perjuicio de que las autoridades norteamericanas puedan ejercitar la acción penal sobre el reclamado ante la jurisidicción española”, según consta en su auto. En una vista celebrada el pasado 5 de marzo, Martín-Artajo se declaró “inocente” y afirmó que en EEUU se enfrenta a una pena “absolutamente desproporcionada”, que alcanza los 95 años de cárcel.

This time we are not facing an economist. Spanish is a graduate in Electrical Engineering from ICAI, he made after a masters in business management (MBA) Columbia University in New York. With this springboard, fue responsable de trading en mercados emergentes de LEHMAN BROTHERS EUROPA para pasar después al DRESDNER BANK, antes de aterrizar en la Unidad de Inversión Principal de JP MORGAN en mayo de 2007, according to Reuters.

«La mayoría de los traders son ludópatas y, if they are when they start, end to be so ', says Javier Díaz-Giménez, economista de IESE Business School, who agreed 2009 with Martin-Artajo at a roundtable organized by Business Week.

Not all financial technical know how to keep the red lines marked risk and advance reasonable limits and recognize a loss (stop loss en su argot). The desire to recover, and casino gamblers, leads them to step up to the catastrophe risks.

Besides the typical profile of "broker-executive-aggressive" fueled by the assumption of major short-term risks, by nature and professional profile, very conducive to risk keeping pace like in their personal and ethical decisions in general.

Who or whom, with the actors materials, are also responsible for these cases of corruption?

How loaded guns after distributing our partners we could wonder that some were fired by mistake?

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(*) Diferencia entre trader y broker.- Aunque ambos vocablos se suelen usar indistintamente podríamos puntualizar que un trader, in Spanish securities dealer, who decides purchases and sales of financial assets with profit making. He is responsible for investments in your company or clients several unique. Un broker, en español agente de cambio y bolsa, is the one who executes the orders of trader

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