Rogue Trader

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Rogue Trader

A trader who makes frequent, large, and usually reckless investments without regard for his/her client or institution. The rogue trader does not work in concert or consultation with anyone else, but typically handles other people's money. Obviously, the investments the rogue trader makes are very high risk, and he/she usually ultimately fails. See also: Nick Leason, John Rusnack, Chen Jiulin.
References in periodicals archive ?
ROGUE traders are being shown the door as part of an ongoing campaign.
The Office of Fair Trading is now urging people - especially the elderly and vulnerable - to be on their guard against rogue traders knocking at their door.
Cllr Ann O'Byrne, cabinet member for community safety, said: "This is an area which has a high proportion of elderly people, a significant number of whom have been victims of rogue traders.
Inspector Steve Broughton, of Redcar and Cleveland Police, said: "The operation targets rogue traders who often themselves target elderly and vulnerable people in an attempt to con them out of large amounts of money for work that is substandard, unnecessary and overpriced.
Increasing the VAT rate will inevitably drive more homeowners into the arms of rogue traders.
We also have Ringmaster, our Powys Community Messaging Service, open to warn residents about scams and rogue traders.
Rogue traders and dodgy goods cost customers in Northumberland alone pounds 45m a year - pounds 180 for every adult - and an advice network for consumers is to be launched to clamp down on the problem.
Anyone approached by suspected rogue traders should call trading standards immediately on 08450 669933, or call 101 outside normal offices hours.
The warning comes from Warwickshire trading standards officers who say that the rogue traders may call on householders telling them they need to fix the damage and offer their services at a cheap rate.
If you have any information on rogue traders, contact South Wales Police on 101 or Trading Standards on 01446 709 105.
CONSUMER watchdogs in the Midlands have joined forces in a bid to give shoppers a voice to stop them being ripped off by rogue traders.
RESIDENTS are being warned to watch out for rogue traders as the digital television switchover looms.