Former Threadneedle trader investigated for alleged rogue trade
A former trader at Threadneedle is being investigated after an alleged rogue trade was stopped by the asset manager.
A statement from Threadneedle says: “In August 2011, our systems stopped a suspicious attempted trade. The matter was immediately reported to the authorities and the individual involved was subsequently dismissed.”
Threadneedle says the trade, which is reported as being worth about £94.6m, did not go through and no client money was affected by the incident.