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View Full Version : Botched Stock Trade Rattles Japan Market



nester-san
December 10, 2005, 05:51 PM
http://hosted.ap.org/dynamic/stories/J/JAPAN_BOTCHED_TRADE?SITE=NNCO&SECTION=HOME&TEMPLATE=DEFAULT

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).

:icon_eek: :icon_redf :confused: :(

Some lick would haffi burn a man skin!!