this post was submitted on 03 Oct 2023
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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

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[–] [email protected] 31 points 2 years ago (2 children)

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

[–] [email protected] 11 points 2 years ago (1 children)

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

[–] [email protected] 12 points 2 years ago (1 children)

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

[–] [email protected] 15 points 2 years ago* (last edited 2 years ago)

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

[–] [email protected] 2 points 2 years ago* (last edited 2 years ago) (1 children)

They just copied the idea from terrorists

[–] [email protected] 6 points 2 years ago

Rubber dinghy rapids bro