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 ?
Simon Cripwell, a Warwickshire County Council Trading Standards officer, said: "We know just how traumatic and devastating it can be for the victim of a rogue trader after they find that they have been duped in to paying huge amounts for unnecessary, poor and sometimes nonexistent work."
In the same way that Matt Allwright dupes Rogue Traders on Watchdog, they will identify a likely suspect, then lure them into a specially constructed house trap, where hidden cameras and microphones will capture their every move.
In this new series the PICK OF THE DAY esther rantzen's house trap Channel 5, 7pm 78-year-old has rogue traders who prey on Britain's 11 million older people, in her sights.
"During the week-long initiative we want to make sure that everyone in Cheshire is aware of rogue traders, the most common techniques they use and what they need to look out for.
The ERC introduced the SGS kits to the market in 2015 to test quality of fuel at depots in efforts to tame rogue traders that have been mixing kerosene with diesel in search for higher profit margins.Petrol and diesel contaminated with paraffin causes excessive engine wear, piling undue vehicle maintenance costs on motorists.
A spokesperson said: "We have this evening (Sunday) dealt with two reports of rogue traders targeting residents in the Helmshore area.
In a bid to ensure that no one falls victim to any rogue traders, theWarwickshire County Councilbased trading standards team have appealed to people to simply not buy anything from doorstep callers.
Once employed, rogue traders will carry out substandard work, overcharge and carry out unnecessary work.
The main focus of the day was on bogus and rogue traders who typically target areas where vulnerable people, including the elderly, live.
South Wales Police said rogue traders use unscrupulous tactics and target residents, particularly the elderly or vulnerable, and deliberately overcharge for unsatisfactory services.
In some of the cases victims have reported that the rogue traders have driven them to the bank to withdraw cash.
The zone covers all households in the area and has been set up to deter cold callers and rogue traders.