Greatpoint Capital/Tower Hill Trading disgorges Profits

Discussion in 'Prop Firms' started by warrenbuffett, Apr 5, 2009.

  1. Greatpoint Capital/Tower Hill Trading Disgorged profits from several traders on trades that each trader profitted over $100k. The rumor is after several weeks multiple traders who profitted over 100k on a trade were notified that the profits would be disgorged becuase they didn't get locates for the stock although the software allowed the shorts and wasn't hard to borrow. Many have said the only reason the profits were taken away was because this was an easy way for the owners to steal a few $100k.

    Anyone heard about this or know if the traders were able to recoup their money from the owners?
  2. Let me guess. They trade on Sterling?
  3. I think they are Assent/Anvil