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How the U.S. Securities Industry Works, 3rd Edition
by Hal McIntyre
Securities Operations Glossary - 2015 (eBook)
by Hal McIntyre
Securities Operations Glossary - 2016 (eBook)
English to Spanish
by Hal McIntyre & Mauro Restuccia
Straight Through Processing for Financial Services Firms
edited by Hal McIntyre
Software Testing for Financial Services Firms
by Hal McIntyre, Megan Johnson, Deborah Fortuna
The Handbook of Fixed Income Technology
by Joseph Rosen and Russell D. Glisker
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Securities Processing
International Securities Operations
Frauds, Scams and Deceit
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NYT Business Hardcover
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Frauds, Scams and Deceit

There are many good books that talk about frauds and other industry problems. I find this type of book an excellent way to get the ‘feel’ of the industry and to learn from others’ mistakes.

Most of these books are available in paperback and are just a good read.  

If you come across a book that falls into this category and you’d like to share the title, please send an email to  We’ll be happy to add it to this list.

Rogue Trader
by Nick Leeson
This is one of my favorites since it shows how easy it is to circumvent controls when a lot of profits are involved. It was written by the main player in the fraud so there is a slight slant to it, but basically he explains exactly what he did (and why he went to jail). – Hal

ISBN-13: 978-0751517088
Publisher: Time Warner Paperbacks
Pages: 378
Pub Date: 1997

Barings Lost: Nick Leeson and the Collapse of Barings Plc
by Luke Hunt and Karen Heinrich
This is a more factual report of the same Barings story, so it makes a good counterpoint to Nick Leeson’s account of what happened when one person was put in charge of operations and trading. - Hal

ISBN-13: 978-9810068028
Publisher: Butterworth-Heinemann
Pages: 296
Pub Date: 1996

Barbarians at the Gate: The Fall of RJR Nabisco
by Bryan Burrough and John Helyar
It was a good movie, but the book goes into more detail about how M&A really works. - Hal

ISBN-13: 978-00605363
Publisher: Collins
Pages: 592
Pub Date: 2003

Liar's Poker: Rising Through the Wreckage on Wall Street
by Michael Lewis
This is a classic that everyone in the industry should read.  The cast of characters (who really exist) is rich and varied, and the pace of the writing makes it very hard to put down. - Hal

ISBN-13: 978-0140143454
Publisher: Penguin (Non-Classics)
Pages: 256
Pub Date: 1990

Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron
by Bethany McLean and Peter Elkind
The ENRON managers were smart, but then they got greedy.  Some were greedy personally and some were greedy to continue the growth of their business.  - Hal

ISBN-13: 978-0141011455
Publisher: Penguin Books Ltd
Pages: 464
Pub Date: 2004


Trading Secrets: Seduction and Scandal at the Wall Street Journal
by R. Foster Winans
This book is a bit dated, but the idea of insider trading never goes completely out of style. If you have ever hoped that you could get a copy of tomorrow’s WSJ today (as I have) you’ll enjoy reading about how the Heard on the Street Columnist shared information before he wrote about it. - Hal

ISBN-13: 978-5551640578
Publisher: St. Martin's Press
Pub Date: 1986

When Genius Failed: The Rise and Fall of Long-Term Capital Management
by Roger Lowenstein
The Nobel laureates at LTCM calculated that different markets and instruments historically behaved differently and believed they could identify arbitrages abound the world that would require a large amount of capital, produce thin margins but be essentially risk free in the long run. They missed two basic points: a historic trend is not a predictor of the future and it is possible for everything to go bad at once. LTCM used up its capital and credit and dragged the largest investment banks in so that the banks had no choice but to loan more to try to rescue what they could. The bankers found out the truth of an old adage: When you owe the banks a little, they own you. When you owe them a lot, you own them. - Hal

ISBN-13: 978-0375758256
Publisher: Random House Trade Paperbacks
Pages: 288
Pub Date: 2001

Black and White on Wall Street: The Untold Story of the Man Wrongly Accused of Bringing Down Kidder Peabody
by Joseph Jett and Sabra Chartrand
Joe Jett was trader who either exploited an accounting flaw in Kidder’s computer system for his own profit or who was a dupe who didn’t understand the market. Although he tries to blame everyone around him, his book makes for interesting reading. - Hal

ISBN-13: 978-0688161361
Publisher: William Morrow & Company
Pages: 387
Pub Date: 1999

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