Another crook busted. I hope that when this guy walked to his car after being fired, he fell flat on his face.

Basically, he told his high worth clientel that there were rumors the blackstone deal wouldn't go thru and advised they sell or sell short before he shorted ADS. His clients dumped shares, caused a selling wave, he covered, and at the end of the day the share price bounced back, but he made $$$$.



Berliner, who was shorting the stock to profit from the drop in price, made more than $25,000 before the shares recovered, according to the SEC.

http://www.bloomberg.com/apps/news?p...d=aCNlwKOZWNlk