The boss of US financial firm has issued a teary video apology to his clients after a plunge in oil prices wiped out their investments.
James Cordier, the president of the firm OptionSellers, published the 10-minute apology to YouTube, telling his clients that his business had been taken out by a "rogue wave".
The wave he refers to is the sinking oil price, which has seen Brent fall under US$65 per barrel from a four-year high in early October over US$86.
While the fall in oil prices doesn't yet match the 2014-2016 slump to $26 per barrel, those who had placed big bets on oil will be hurting at the moment - among them Cordier.
"The events of this past week have been incredibly devastating for our clients," he said.