Some three years ago Toomre Capital Markets LLC ("TCM") wrote the post Deutsche Bank Dismisses CDO Trader Anshul Rustagi. Mr. Anshul Rustagi traded complex financial instruments known as synthetic collateralized debt obligations ("CDOs") and apparently had a problem with having overstated the value of his trading positions by almost £30m. As a result, he was dismissed for gross misconduct after a disciplinary hearing.

This month, some three years later, Mr. Rustagi has re-emerged at the London offices of the alternative investment firm Stark Investments. That firm is headquartered in Milwaukee, Wisconsin. The London office started in 2002 and is run by Mohsinuddin Ansari. Their London operation apparently is rather small with approximately twenty-five registered staff members.

Toomre Capital Markets LLC hopes that his new employer assigns one of those employees full-time to review and further double-check each one of Mr. Rustagi's positions. Sadly, Lars Toomre has learned from personal experience that a proverbial "leopard does not change his spots" — or in the instance of "over the counter" securities traders, given a trader has mis-marked his positions once, he is highly likely to do so again despite all protestations that he or she has changed their ways. The behavior of such a trader is very much akin to a spouse in marriage who cheats. Far too often that straying individual will cheat again.

TCM hopes that there will not be news in the future about Mr. Rustagi having further valuation issues. Investors in Stark Investments should be aware that they are potentially playing with fire regarding this individual and need to check on what special safe-guards have been put into effect to protect their interests.