2008 Société Générale trading loss a role in the market's overall decline, but characterized that impact as "minimal". 2008 Société Générale trading loss In January 2008, the bank Société Générale lost approximately €4.9 billion closing out positions over three days of trading beginning January 21, 2008, a period in which the market was experiencing a large drop in equity indices. The bank states these positions were fraudulent transactions created by Jérôme Kerviel, a trader with the company. The police stated they lacked evidence to charge him with fraud and charged him with breach of trust and illegally accessing computers. Kerviel states his actions were known
Tom Baldwin (trader) 1980s, hedgers and speculators preferred trading in treasury bonds. Baldwin followed this trend. Baldwin experienced success as a bond trader, and leased a seat on the Chicago exchange. As a full member director of the Chicago Board of Trade, Baldwin has served on its executive committee and Commodity Pool Operator/Commodity Trading Advisor committee, in addition to other positions. He currently serves as Chairman of "Baldwin Group Ltd.", the parent company of several investment and financial services. Companies in the group include: Baldwin Commodities Corp., a Treasury Bond Futures proprietary trading company, and Baldwin Managed Futures, a CTA. Baldwin is also