Word: trader
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Last week, Daniel K. Young, a second-year Business School student, was indicted by a New York state jury on charges that he engaged in insider-trading activities while working as a trader at Manufacturers Hanover Trust Company in 1990. He has 30 days to pay the Federal Reserve a fine of $500,000--the amount of money investigators say he made from the alleged trading...
After graduating from the University of Pennsylvania in 1985, Young went to work at Manufacturers, becoming a senior trader and vice president who worked in a special unit to invest and trade debts of for- eign companies...
While working as a vice president and senior trader for Manufacturers Hanover Trust Company in 1990, Daniel K. Young, 29, induced the company to sell him and a private investor the bank's stake in a $1 billion debt instrument of the Republic of Columbia, the New York County District Attorney and the Fed charged...
...indictment also quotes alleged conversations in November and December of 1990 between Young and Liberatore, who were then business partners, in which they discuss how to convince a Manufacturers trader to sell Liberatore the Colombian debt instrument. Manufacturers eventually sold the instrument to Liberatore at 67.5 percent of its face value...
...Education formed his ideas about education for "the masses" through art. After 1918, Barnes' acquisitions became obsessive. His biggest spree was in the early '20s, when he went charging through Paris waving his checkbook (earning the disapproval of Gertrude Stein, who thought him vulgar) and haggling like a mule trader. The postwar market for modern art was low, and Barnes got nearly everything he wanted, including, as he later boasted, the entire contents of the "drunk, sick and broken" Chaim Soutine's studio "for a pittance" -- about...