In July 2001, he joined New York investment bank,
Jefferies & Co. He passed his securities exams in November 2001 (Series 7 and Series 63). In October 2004, he joined Los Angeles-based investment bank Imperial Capital LLC, before moving back to New York in May 2005 to join investment bank
Miller Buckfire LLC. On 3 September 2008, FINRA reached their decision, published on 11 September 2008, that Daniel K. Ivandjiiski was to be barred from "acting as a broker or otherwise associating with a broker-dealer firm," and from being a FINRA member. In September 2007, before the FINRA ruling, Ivandjiiski moved to the
Connecticut-based hedge fund Wexford Capital LLC, run by former
Goldman Sachs traders. After the FINRA ruling, Ivandjiiski left Wexford Capital, and within a few weeks posted his first blog on the
Zero Hedge site on 9 January 2009.
The New Republic and
New York magazine have identified Daniel Ivandjiiski as the founder of Zero Hedge. The
New York article made assertions regarding Ivandjiiski's background, particularly his Bulgarian citizenship, his FINRA charge and lifetime ban from securities trading, and his father,
Krassimir Ivandjiiski's, own controversial news and political website,
Strogo Sekretno (; English "Top Secret"), and Krassimir's position in the pre-1990 Bulgarian-Soviet administration". The article confirmed various details about Daniel Ivandjiiski, including that he lives in a mansion in Mahwah, New Jersey, Lokey saying: "These two guys, who live a lifestyle you only dream of, are pretending to speak for you." ==Personal life==