Traders are sometimes associated with shenanigans like dwarf tossing — thanks to headline-grabbing stories about some brokers throwing outlandish parties to keep business flowing their way — but in reality, they're a caring and charitable group.
In 2005, for example, traders gave a total of $1.34 million, through their local trade group affiliates, to causes including hurricane relief, scholarships for high school students and hunger relief. Traders also volunteered their time to organizations including Boys and Girls Clubs and Habitat for Humanity.
"I've long been impressed that there's so much of this that goes on and is done in such a way that it seeks no attention," said John Giesea, president and chief executive officer of the Security Traders Association, New York.
The fundraising efforts were handled by individual STA affiliates around the United States, without any direction from Mr. Giesea. "We're a proud parent, but the kids out there did this on their own."
"We have held high business practices to be a foundation of the organization, and we have also found that the organization is made up of some wonderful human beings who, when called upon, are willing to share with those less fortunate," he said.