Navy SEAL Trader at Jefferies Helped Expose Hedge Fund Scandal (Bloomberg) He was a Navy SEAL, before becoming a trader. Then someone messed with him. Joe Femenia, the head of distressed-debt trading at Jefferies Financial Group Inc., set in motion one of the most astonishing falls-from-grace to captivate the world of hedge funds. The 43-year-old is the unidentified executive outlined in court filings last week, whose taped conversation led to the swift downfall of Dan Kamensky’s Marble Ridge Capital, according to people with knowledge of the matter.
Do not mess with specially trained military... They will screw with your mind and take "getting even" to a whole new level. https://finance.yahoo.com/news/navy-seal-trader-jefferies-helped-121956765.html wrbtrader
“I have known Joe and always found him to be an honest, upstanding guy and a straight shooter,” said Eric Rosen, a veteran trader and hedge fund executive. “He risked his life for our country and he seems to have done the honorable thing here.” Love it, personal morals, - become your brand. Thanks dealmaker. Amen P.S recorded few conversations myself once, great tool against the opposition.
Kamensky had to be a real idiot. A lucky idiot to have reached the professional plateau he did -- but too many times to the well, and he drew mud. Idiot. He didn't forget his fiduciary duty -- he *played* honest and got caught when he went real. (Sorry -- no sympathy here -- I was a pawn in an operation like this, where the true actors were levels above my pay grade, and 20 years post hoc, the ramifications are still felt in the Indiana/Midwest electric sphere. You have to *work* to be crooked -- it's not a one-time, "Whoops!" affair.)
Yeah, if you make it through 24 weeks of BUDS and 26 weeks of SEAL Qualification Training and then spend your twenties kicking down doors and taking out some very wicked people - your mentality is going to be so strong that there's no way some Wall Street prick is going to shake you. Not in the least.
What makes taping a conversation "dishonorable"? Especially when the opposite side of that conversation is engaging in a criminal act and trying to force you to participate in it? There's Navy Seal honor and mob "honor", sounds like someone's been watching to many mobster movies.
When you’ve been threatened by someone committing about a dozen securities and anti-racketeering federal felonies, and when it’s your legal fiduciary responsibility to protect the best interests of your customer. It was not only honorable but smart. And I’m certain that his integrity earned enormous good will from the clients at Jeffries.