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Errant Apple Trade Wipes Out Dick Bove and Rochdale's Safety Net

Thanks to recent errant trading in Apple  shares, Rochdale Securities LLC sought help to keep the firm solvent this past weekend.

In a statement by Rochdale President Daniel Crowley on Saturday, he said via the Wall Street Journal, "Rochdale had an unauthorized trade that left us with a negative capital position. We are in talks that would result . . .

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