How the Voltaj frontman got burned on the Stock Exchange
Autor:
Roxana Pricop
01.07.2010
Calin Goia, frontman of Voltaj band, started his career as a
Stock Exchange investor enthusiastically, making over 50% profits
in the first three years, with the easy earnings making him fully
trust his broker at Broker Cluj securities firm who engaged in
margin trading without his approval. Broker Cluj brought Goia
before court to recoup a 500,000-RON loan and the interests for
margin trading, but the artist says the broker traded without his
approval. He also says he won the case, but is now left with
illiquid shares in his portfolio, which he can only sell at a
significant loss.