These sources claim that Mr Adoboli took advantage of a loophole in securities law by using exchange-traded funds (ETFs) to book these fake transactions, since ETF rules do not force brokers immediately to produce confirmations of trades.

ECONOMIST: UBS��s trading loss

Will American forex traders be able to continue using foreign trading platforms to escape the reach of Fin Reg and the CFTC (including these new rules)?

FORBES: Dodd-Frank Cracks Down On Forex