Rochdale Securities

  • richard_bove

    News

    Trader Who Brought Shame To The House Of Dick Bové Gets 30 Months In Prison

    Remember David Miller? Rochdale Securites trader who masterminded a scam that involved the “unauthorized purchase of about $1 billion in Apple stock,” which he claimed was for a client (a lie)? Forget to dot a few essential i’s and cross a few crucial t’s in the scheme, which contributed to its failure and left the […]

    / Nov 20, 2013 at 1:48 PM
  • This face will haunt Miller's dreams.

    News

    Trader Who Brought Down Dick Bové’s Former Firm Suffers The Consequences

    There are a lot of good options and I’m not prepared to make a definitive choice at this time, but I can at least say that one of my favorite recent financial crooks is David Miller, the doofus who put a fat suit on his finger, bought 1.6 million instead of 1.6 thousand Apple shares, […]

    / Apr 15, 2013 at 5:00 PM
  • dickboveoffice

    News

    Dick Bové Assures Fans It’ll Be But A Few Short Weeks Until They’re Reunited Again

    Last month, “noted bank analyst” Dick Bové informed the people that after careful consideration, he had finally selected the lucky winner of the Dick Bové Sweepstakes, tapping Rafferty Capital Markets LLC to be his new employer over a large pool of suitors banging down his door. Today, Bové’s colleague/unofficial spokesman/son none of us knew about until now sent a letter to clients containing good news and bad news.

    / Jan 11, 2013 at 2:38 PM
  • dick-bove

    News

    Nobody Puts Dick Bové In A Corner

    Noted bank analyst Dick Bove is planning to submit his resignation from Rochdale Securities LLC on Monday, according to a person familiar with his plans. Mr. Bove has remained at Stamford, Conn.-based Rochdale as it has searched for a rescue since Oct. 25, when a trade in shares of Apple left it in what President […]

    / Dec 14, 2012 at 2:36 PM
  • dickboveoffice

    News

    Dick Bové Has Whittled His Long List Of Offers Down To Three Lucky Firms

    Dick Bove, the bank analyst whose brokerage, Rochdale Securities LLC, is struggling to survive after an unauthorized $1 billion Apple Inc. trade, said he’s been interviewing for a new job. Bove said he has narrowed his choice to three firms, which he declined to name, and will make a decision by about Dec. 15. The 71-year-old analyst said he’s giving Daniel Crowley, Rochdale’s chief executive officer, time to seek rescue financing after a loss on the Apple trade decimated the firm’s capital. “I indicated to them that my loyalty is with Dan Crowley and so I couldn’t make a decision until Dan threw in the towel,” Bove said today in a telephone interview. “The decision I make is really based on whether I want to stay with a small firm and write what I’m going to call provocative research or whether I want to go back in the general Wall Street milieu, dealing with corporate finance issues.” [Bloomberg]

    / Dec 7, 2012 at 3:31 PM
  • Btw he's still looking for a white knight if you're available

    News

    Rochdale Trader “Hedged” His Fraud With Much Worse Fraud

    A thing we sometimes like to do around here is use stories ripped from the headlines to illustrate to you, in case hypothetically this should ever be of any practical interest, how – and how not – to safely and effectively engage in financial fraud. This Rochdale guy was just arrested by the FBI, so […]

    / Dec 4, 2012 at 6:11 PM
  • News

    Dick Bové Needs Your Help

    Rochdale Securities LLC, the 37-year- old brokerage that employs bank analyst Dick Bove, is seeking a capital injection after a trading error, said three people with knowledge of the firm’s situation. Executives at Rochdale are telling employees and potential investors that a trader at the firm made an unauthorized purchase of Apple shares, which has […]

    / Nov 2, 2012 at 12:47 PM

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