Learn about the story behind Rogue Traders with iMinds insightful audio knowledge series.
A rogue trader is an employee of a company who makes unauthorized trades on behalf of their employer. It is a way employees use their job to make fraudulent trades. Regardless of the economic climate, rogue traders work illegally to make up for company losses they have incurred while trading for their company.
For much of history, society as a whole has defined criminals as those defective in intelligence. However, there are certain crimes which can only be committed by those who have a certain amount of education or training. “White-collar crime” is a term sociologists have used to describe crimes conducted by business-people and other professionals, usually relating to their workplace. Rogue traders can be seen to belong to the group of “white-collar criminals”. They are often highly educated in business and generally belong to financial trading companies. In fact, it is their very knowledge of trade and business that helps them conduct their crimes.
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