- #1
rachmaninoff
You've got to feel sorry for this guy:
http://news.yahoo.com/s/ap/20051210/ap_on_bi_ge/japan_botched_tradeTOKYO - Japan's government rebuked the Tokyo Stock Exchange and one of the country's biggest brokerage firms Friday after a typing error caused Mizuho Securities Co. to lose at least 27 billion yen ($225 million) on a stock trade.
...
The trouble began Thursday morning, when a trader at Mizuho Securities tried to sell 610,000 shares at 1 yen (less than a penny) apiece in a job recruiting company called J-Com Co., which was having its public debut on the exchange. It had intended to sell 1 share at 610,000 yen ($5,041).
...
By the end of the day, Mizuho Securities — a division of the nation's second-largest bank, Mizuho Financial Group, Inc. — had lost at least 27 billion yen. That total could rise, however, Mizuho Securities spokesman Hideki Sakuma said Friday, adding that the mishap was sparked by human error.
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