Derivatives Firm Bosses Banned For Trading While Insolvent

Law360, London (February 5, 2019, 4:42 PM GMT) -- Four former bosses of a derivatives firm have been been banned from running companies for almost two decades for trading while being insolvent, a government agency said Tuesday.

Paul Rossi, Claire Michelle Rossi, Mark Rossi and Daniel Michael Goldberg were directors of Independent Derivative Traders Ltd., trading as Futex, which provided access to a financial market trading platform for subcontracted independent traders.

Married couple Paul Rossi, 53, and Claire Rossi, 49, have been banned from managing companies for six and two years respectively. Mark Rossi, 51, brother of Paul Rossi, has been barred for eight years and Goldberg, 42, disqualified for...

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