Don't let this happen to you... 28 year old Morgan Stanley trader, David Connor Redmond rolled back in to the office a little too deep in his cups after a three hour lunch and promptly breached his firm's value-at-risk limits with a large short of West Texas Intermediate oil futures.

A stand-up guy, Redmond attempted to hide his gaffe by transferring it to a colleague's name without his knowledge.

Classy.

If there's an upside, it is that Redmond sold his positions the next day at a profit, but that didn't stop him from getting slapped with a two-year ban for his trouble.

Labels: David Connor Redmond, Morgan Stanley