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
Today Trader of the "Top 5 Trading Guru’s of 2013" by Trader Robotics. In March 2018 Michael Hebenstreit, a stock broker from Germany, acquired Today Trader and converted the venture into an educational hub offering content and services for professional traders and students who want to learn trading. The Today Trader live trading service brought attention to the field of day trading. "The Motley Fool" author Rich Greifner argued that the day trading lifestyle and results described in "The New York Times" article was "impressive" but questioned the accuracy of the claim as well as offering that these results were "hardly indicative