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UBS Trader Scandal Reveals Lingering Regulatory Gaps

By Liz Hoffman ( September 15, 2011, 7:52 PM EDT) -- As banking reform begins to gain a foothold in both the U. K. and the U. S. , news on Thursday that a London-based trader cost investment giant UBS AG $2 billion underscores the need for a tighter watch on some of the murkiest corners of the financial sector, according to experts. . . .

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