The Rogue Trader: Can His Personnel File "Kill" Your Insurance Coverage For His Thefts?

Policyholder Advisor & Alert

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PUBLISHED ON: January 1, 2001

Calvin Clean, star trader in your arbitrage department, capable of leaping tall buildings in a single bound—also is secretly capable of stealing massive amounts of money from customer accounts of the firm and leaping to foreign sites unknown. In fact, that is just what has happened. Calvin Clean didn’t live up to his image or his name.

A claim is filed with the insurance company that sold you what is commonly known as a Financial Institutions Bond.