TheStreetSweeper in the News
- The Wall Street Journal: Northern Oil & Gas Gets a Bear Raid
- The Motley Fool: Northern Oil and Gas Shares Plunged: What You Need to Know
- Barron's: Insider Selling Accelerates at Northern Oil & Gas
- Benzinga: Will Growth Spurt Last for Northern Oil & Gas?
- Benzinga: More Trouble for Northern Oil and Gas
Street Patrol
Broker Covered His Losses At The Risk Of His Firm's Clients
A Tennessee stock broker who sold stock in a customer's account to cover his own day-trading losses is going to prison for 30 months, the Memphis Commercial Appeal reported. Bradford K. Dent was a vice president at Carty & Co. in 2008, when another employee noticed unauthorized trades that had been made from a customer's account, the newspaper said. Dent later admitted to profitably reselling stock from that account, then showing it as a loss to the customer. The transaction cost his firm about $130,000 and he pleaded guilty last February, the Commercial Appeal said.
