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The broker is on the hook. In one case the broker rebated the customer but I suspect most of the time they'll try to collect through regular debt collection cha
by tschwimmer 6y ago
The broker is on the hook. In one case the broker rebated the customer but I suspect most of the time they'll try to collect through regular debt collection channels.
Example: https://markets.businessinsider.com/commodities/news/oil-trader-loses-millions-on-brokerage-glitch-2020-5-1029186688 https://markets.businessinsider.com/commodities/news/oil-tra...
As the saying goes: If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem.