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0 0 -0.000518242122719705 -0.00259121061359867 -0.00424958540630179 -0.000414593698175853 -0.000673714759535632 -0.0054933665008292
Stock impact report

‘I Smuggled Code': An Executive's Admission in Heated Brokerage Feud [Yahoo! Finance]

StoneX Group Inc. (SNEX) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Paris to Replace Parking Spaces With Trees New York's Transit Agency Approves $9 Congestion Toll In Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited Lift A Bug's Eye View of Mexico City's Modernist Architecture Amtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC Service Evan Pfeuffer, who was a managing director at StoneX Financial, said he and others stole technology including sensitive computer code, software and business ideas from BTIG so that StoneX could set up sophisticated automated trading tools. He was told to do so by StoneX management, both during his recruitment and after the firm hired him, he alleged in an affidavit seen by Bloomberg News. “Like others, I smuggled code out of BTIG in ways carefully designed to avoid detection by BTIG's security and compliance monitoring,” Pfeuffer said in the affidavit. “StoneX's management instructed us to copy code, product designs, and whatever else was needed so that we could a Show less Read more
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