Feeds

Tech bubble banker banned for life

I'm sorry Mr Dell, but Frank can't come to the phone right now

  • alert
  • submit to reddit

Next gen security for virtualised datacentres

Tech bubble banker Frank Quattrone, who in September was sentenced to 18 months jail time for obstructing a grand jury, obstructing federal regulators and witness tampering, won't be the go-to guy when he gets back. The industry's self-regulator, the NASD, imposed a lifetime ban on him yesterday, overturning an earlier ban and $30,000 fine imposed in January.

Perhaps Microsoft can find him a job. Quattrone was convicted for advising his staff to delete their email during a grand jury probe into Credit Suisse First Boston's investment business. In the ongoing Burst antitrust case against Microsoft, it has emerged that Redmond executive Jim Allchin told staff: "Do not be foolish, do not archive your e-mail" (in an instruction made in 1996). Burst discovered that 35 weeks from a period when Burst and Microsoft were in discussions could not be retrieved, and at one stage, five employees spontaneously, individually and without consultation of any kind, decided to delete their Burst-related emails.

What with Quattrone's talent for handling major IPOs, and Microsoft's talent for spontaneous combustion, it could be a fruitful partnership.

Quattrone is at large pending the outcome of an appeal. ®

Related stories

Tech bubble banker goes to jail
Tech bubble banker down by law
Tech bubble banker slapped on wrist
How key Microsoft legal emails 'autodestruct'
Allchin named, as proof of MS email destruction policy is sought

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.