Dick Bove's Firm Rochdale is in Trouble after Trading Error
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Rochdale Securities LLC, the employer or popular bank analyst Dick Bove, is seeking a capital injection after a trading error, Bloomberg reported Friday.
Apparently, a trader at the firm made an unauthorized purchase of Apple (Nasdaq: APPL) which has eroded the capital position of the company.
The company's President Daniel Crowley didn't return calls to Bloomberg seeking comments. There has also been no update on the status of analyst Bove.
Apparently, a trader at the firm made an unauthorized purchase of Apple (Nasdaq: APPL) which has eroded the capital position of the company.
The company's President Daniel Crowley didn't return calls to Bloomberg seeking comments. There has also been no update on the status of analyst Bove.
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