Self Employed Trader who Exploited the Spreadbetting Firms
I saw this in the papers today how a self employed trader named Barnett Michael Alexander was able to exploit a ‘loophole’ in the spreadbetting firm City Index making over £600k! However, his method was deemed illegal and he was fined £1 million by the FSA
It’s a really interesting read and there’s a fascinating strategy that made him a lot of money which he says is still not closed. However, I wouldn’t recommended doing it unless you want to be fined!
