Note this part: People need to be aware that there can be *severe* consequences to lying about your financial condition on an account application! Admittedly here the guy was a broker but the same principle could apply to retail traders too if they were naked short and their account incurred large losses on a crash or whatever.
It was MF employees who liquidated the position( creating the biggest spike ever on wheat ) and he has to pay 141 M$??? That's crazy...I have no sympathy for him but most of the loss came from the stupid guy who sent a 32000 lots market order and liquidated the position...
Sometimes when I party....I get on my IB and trade with a big swinging dick. Lol wtf? Trading hammered, that's crazy.