Stock trader to comply with in their respective jurisdictions; or that tax free stock market operations are useful to boost economic growth. Beyond these costs are the opportunity costs of money and time, currency risk, financial risk, and Internet, data and news agency services and electricity consumption expenses—all of which must be accounted for. Jerome Kerviel (Société Générale) and Kweku Adoboli (UBS), two rogue traders, worked in the same type of position, the Delta One desk - a table where derivatives are traded, and not single stocks or bonds. These types of operations are relatively simple and often reserved for novice traders
Administration and liquidation of The Rangers Football Club plc account from Bank of Scotland following the financial crisis of 2007–2008. In October 2009, first-team manager Walter Smith claimed that Lloyds were effectively running the club. Rangers then entered a dispute, known informally as the 'big tax case', with HMRC, regarding their use of employee benefit trusts (EBT) between 2001 and 2010. A tax bill potentially running to £49 million, including interest and penalties, was assessed by HMRC in 2010. Rangers argued that their EBT scheme was a legal method of tax avoidance. The scale of the potential liability led then-chairman Alistair Johnston to admit in 2011 that the club