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A trader accidentally sold 5 million of the company chairman's shares in a classic case of 'fat-finger'
The chairman of Chinese electronics company TCL Technology Group said Tuesday a trader erroneously sold 5 million shares from his account in a classic fat-finger mistake. A security filing Tuesday showed chairman and founder Li Dongsheng sold five million shares on Tuesday afternoon. The sale took place at 1:03 pm. He bought them back only two hours later for roughly worth $5.2 million, raking in $21,000, the Wall Street Journal reported Tuesday. Li said a trader had earlier input an incorrect stock ticker. "Fat-finger" trades are the result of human error in hitting a wrong key on a keyboard. Sometimes, their ... (full story)
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