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Brokers-With-Hands-on-Their-Faces Blog Records Market Woes in Pix


The facepalm is an expression that seems to be getting a lot of use lately, particularly on trading floors around the world as various global economic markets crumble. Traders hopped up on caffeine and sugar seem to be particularly emotive when things take a turn for the worse, making them quite entertaining to look at. That has spawned an aptly titled new site called "The Brokers with Hands on Their Face Blog."

It delivers just what you'd expect: regular samplings of investors wishing they'd chosen another line of work, or at least stayed home with the kids that day instead. The pictures are humorous for sure and it's hard to stifle a chuckle while scrolling through, but don't laugh too hard -- have you looked at your 401(k) lately? [From: Brokers with Hands on Their Face, via: BoingBoing]

Computers

Hackers Targeting Stock Traders to Inflate Share Prices


Yes, that's right. We have yet another scam to warn you about. This time, hackers are using online stock brokerages to make themselves rich in a fairly simple swindle.

Just like the pump and dump investment email scam we showed you, hackers are falsely inflating stock prices by illegally accessing multiple trading accounts, buying hundreds of thousands of shares of a stock they already own, wait for the price to go up, and then sell for a big payoff. Sounds easy enough, right? That's because it is.

An Indian man was recently sentenced to two years in prison for defrauding investors with this scheme and two others have been indicted. They targeted accounts at TD Ameritrade, Fidelity and E*Trade, and drove up costs on several different stocks. Apparently, this is a growing crime trend, so keep an eye on your account, if you have one. [Source: Wired]

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