This is the modus operandi of rogue traders who fall behind in the battle for investment survival.
Barclays has tried its best to present these incidents as the actions of a few rogue traders.
ECONOMIST: The LIBOR scandal: The rotten heart of finance | The
It is unclear whether this was the work of the same rogue traders.
From tax shelters, to auction rate securities issues and super-rogue traders UBS is no stranger to ugly press and massive fines.
FORBES: Why UBS Is Better Off Than Barclays In Libor Rigging Case
The council said the charges only covered the costs of administering the scheme which is designed to clamp down on rogue traders.
Dooley and other traders at MF Global clearly demonstrated that there were deeper issues at the firm other than a few rogue traders.
FORBES: MF Global's Trader That Will Go To Prison - Brent Dooley
For us mortals, a federal judge has decided that the best deterrent for future would-be rogue traders is to send guys like Dooley to prison.
FORBES: MF Global's Trader That Will Go To Prison - Brent Dooley
Credit Suisse did not put the blame on deadbeat homeowners, instead they immediately saw the manipulation and pegged the losses on some beloved rogue traders.
Measures intended to "stamp out" metal theft with bigger fines for rogue traders and stronger police rights of entry to scrapyards are to be unveiled.
The private bill - put forward by Westminster City Council and supported by all 33 London boroughs - would help councils issue fines to the public and clamp down on rogue traders.
We have also seen multiple examples of the vulnerability of public markets to anomalies that destroy value: rogue traders, flash crashes, and securitized mortgages have repeatedly undermined the health and stability of businesses, capital markets, and households.
FORBES: Is the Focus on Private Equity Giving Public Markets a Free Pass?
As my Forbes colleague Dan Fischer points out, while rogue traders get jail, high-ranking executives who lost other banks far more money through bad bets on mortgage-backed securities, got decent pensions, largely because they operated within company rules.
FORBES: UBS 'Rogue Trader' Told Facebook Friends I 'Need A Miracle'
Perhaps because of the speedy denouement this time around, so far there is no sign of the sorts of reckless cover-ups that ultimately brought previous rogue traders low: no fraudulent financial records or desperate double-or-quits on bad bets in the hope of recouping mounting losses.
Given that traders go rogue on a regular basis, maybe the fact executives are ignoring is their compensation systems.
FORBES: Why Rogue Traders Get Jail But Bad Execs Get A Pension
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