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A 'Fat-Fingered' Trader Forced Company Chairman To Buy His Own Stock Back
Video Credit: Wochit News
Published on September 2, 2020 - Duration: 00:36s
A 'Fat-Fingered' Trader Forced Company Chairman To Buy His Own Stock Back
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The company chairman of Chinese electronics firm TCL Electronics Group had to buy back five million of his own shares in a hurry.
According to Business Insider, that's because one of his traders sold them by accident.
The red-faced trader blamed a 'fat finger' for his error.
'Fat-finger' trades are the result of human error in hitting the wrong key on a keyboard.
Such trades can have a massive impact on the market.
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