FBI indicts three in insider trading scheme that utilized Xbox 360 chat to hide comms | Ringleader could be looking at as much as 165 years in prison::undefined

  • sugarfree@lemmy.world
    link
    fedilink
    English
    arrow-up
    35
    arrow-down
    2
    ·
    1 year ago

    Points for creativity, I guess? I’m pretty sure a Goldman Sachs analyst can figure out how to do it properly, though…

    • jet@hackertalks.com
      link
      fedilink
      English
      arrow-up
      12
      arrow-down
      1
      ·
      1 year ago

      Fun fact, personal cell phones on the trading floor arnt allowed, to avoid unlogged comms by traders.

      • remotelove
        link
        fedilink
        English
        arrow-up
        12
        ·
        1 year ago

        Aren’t trading floors mostly empty these days since trading is much more automated?

        • jet@hackertalks.com
          link
          fedilink
          English
          arrow-up
          15
          ·
          edit-2
          1 year ago

          Yes, but as long as human traders exist, there is a need to log all of their communication to prevent malfeasance