Catch up on stories from the past week (and beyond) at the Slashdot story archive

 



Forgot your password?
typodupeerror

Slashdot videos: Now with more Slashdot!

  • View

  • Discuss

  • Share

We've improved Slashdot's video section; now you can view our video interviews, product close-ups and site visits with all the usual Slashdot options to comment, share, etc. No more walled garden! It's a work in progress -- we hope you'll check it out (Learn more about the recent updates).

×

+ - Knight Capital fined a measly $12M for a software bug that cost $460M->

Submitted by Mark Gibbs
Mark Gibbs (2907449) writes "Knight monumentally fouled up a software update and, according to the SEC, "Knight did not have supervisory procedures to guide its relevant personnel when significant issues developed." In other words, not only was Knight's code management inadequate but their human management processes were just as bad. The fine for what could have been a biblical financial disaster? A measly $12 million."
Link to Original Source
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

Knight Capital fined a measly $12M for a software bug that cost $460M

Comments Filter:

"If anything can go wrong, it will." -- Edsel Murphy

Working...