Trading 'tip of iceberg'
The head of the stockbroking firm founded by Australia's highest-profile insider trader - the late Rene Rivkin - has warned the current $7 million trading scandal is just the tip of the iceberg.
Scott Schuberg's warning came as more details emerged about alleged insider trader, Lukas Kamay, including that he recently started a sports watch company with a family friend. He was also being conscripted to speak to accounting and commerce students at his former university, around the same time as he allegedly began trading.
Mr Kamay, who faces seven criminal charges, was asked to provide insights about the world of trading in financial markets ''that only experience can provide'', according to a Monash University website which has now been removed.
Senior stockbrokers said that the trades, made within the unregulated $5 trillion foreign exchange markets, only came to light because of the unsophisticated nature of the alleged scam and a tip-off by their stockbroker to police.
''For every 26-year-old kid insider trading, there are probably 10 smarter men and women not stupid enough to settle their trades through Australian FX market makers who know their clients' profitability intimately,'' the chief executive of Rivkin, Mr Schuberg, told clients in a broking note on Monday. Mr Schuberg admitted while ''the pot was calling the kettle black'', he was in a ''special position'' to comment on the case. The late Rene Rivkin was convicted for insider trading in 2003.
Mr Kamay and his university friend Christopher Hill - both released on bail - were arrested on Friday after an AFP operation.
Mr Hill is alleged to have passed on key Australian Bureau of Statistics data to Mr Kamay, so that he could invest on fluctuations in the Australian dollar moments before the official release of the data at 11.30am on the relevant days.
Federal Police have uncovered two accounts Mr Kamay held at foreign exchange firm AxiCorp where he made profits of more than $5 million, in addition to the two held at rival Pepperstone Financial where he made around $1.5 million.
Rivkin's Mr Schuberg said both NAB and the ABS deserved to face robust public scrutiny.
''The reality is that the reputations of both of these organisations SHOULD be damaged, because that's the only way they'll focus on deeper cultural reform,'' he said.
It has also emerged that Mr Kamay and his business partner, Melbourne accountant Adrian Zuccarelli, registered the trademark ''LAP'' as a brand name for watches, jewellery and sportswear, in November last year.
Mr Zuccarelli said the plan was to develop a range of ''very cheap'' sporty silicone watches through a company run by the two men, LA Promotions, but the venture never went ahead.
''It was just going to be simple - it was just going to be silicone watches, probably get into the golf industry,'' he said. ''It's something that might have worked, might have not.'' There is no suggestion Mr Zuccarelli had anything to do with the alleged insider trading.
The AFP has frozen Mr Kamay's assets, including two blocks of undeveloped land worth a total of $409,000, one in Darley, just north of Bacchus Marsh worth $289,000 and another in Sebastapol worth $120,000. They have also frozen his purchase of a $2.4 million three-bedroom loft apartment in Albert Park.
Politicians, including Nationals senator John Williams, chair of the Senate economics committee, yesterday called for the government to be given greater powers to supervise the foreign exchange markets. However ASIC was expected to join other government agencies in facing a 10 per cent cut to its $341 million budget in Tuesday's federal budget.
Read more: http://www.smh.com.au/business/t ... .html#ixzz31bWT4PSN
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他哪来的本金呢？总不能靠杠杆弄到7百万吧？
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10万的本金应该可以吧？有消息500都可以搞成700万。
关键如文中所说，内幕交易的人多着呐，只是这两个被平台告了。
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窃以为投行在这里面起了很大作用的。financial review前几天有一篇文章写了这个案子，那个pepperstone的人去年9月就报告了他客户的不寻常交易，从去年9月到上周五两人被铺，所有的交易都是在AFP监视下的，就是要坐实他们inside trading的证据。做过期货的都知道，一个人的盈利都是建立在另一方的亏损上的，那小伙子在短时间内盈利颇丰，（9月前的盈利媒体上没有公布过）肯定会引起亏损方的注意的，因为外汇期货的很多交易者都是各大投行。有阴谋论就提到过，那个broker暗中受到投行的指使出来报告异常交易。当年hk的小荣老板也是在澳元期货上栽倒的，要不是国内集团出面，他就被投行们搞屎了。所以外汇期货一般人不能碰，最多可以小赌怡情一下，做大了风险很大啊。个人意见，轻拍
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是不是赢的Pepperstone受不了啦？
澳憨就是傻，怎么会在澳洲开户这么玩……
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有时候看消息之前的图，时常可以发现价格有异动的迹象，方向与消息后的走势相符。猜也就猜到了
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看过一个报导：
之前美国重大的经济数据都会在发布前给大的银行机构看的。
印象中直到几年前这种行为才被中止。
当时看了很震惊。
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水好深
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才26岁，太年轻了。
理论上，不论输赢broker都是稳赚的呀，所以broker检举揭发理论上是没有必要的，再说也侵犯了客户的隐私不是吗？另外一个broker就没有检举。所以背后水很深啊
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是Pepper检举的？我以为是Axi检举的，因为在Axi那里有5百万的盈利。
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大鱼吃小鱼自然规律，小鱼玩大鱼没门。
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有才人
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