There's quite a bit of controversy as to how much of Goldman's business is straight prop trading disguised as client business, but the new rules do not seem likely to seriously curb those operations.
The RMG software disguised the clients' Internet addresses to create the appearance that their ticket requests had originated in many different places, Mr. McClain said.
The Justice Department, in court papers filed last week, accused UBS of disguising American clients as foreigners to hide their identity from the I.R.S and allow them to evade taxes, and of not properly collecting W-9 forms.
The lawyer, Rashid Rehman, was shot five times at his office in the city of Multan by gunmen disguised as clients.
Of those who approached as clients, only a third are known to have paid for sex; the rest merely used the "client disguise" to manoeuvre their victims into situations where they could be attacked and killed.
In a bizarre twist, one of Mr. Durst's lawyers, Dick DeGuerin, has acknowledged in court that his client disguised himself as a mute woman named Dorothy Ciner when he rented the $300-a-month 300-a-monthcross the hall from Mr. Black.
Encryption is the process by which your client disguises your connection speed in order to keep ISPs from throttling it.
Complex equity swaps, fake loans and sham stock sales help to disguise dividend payments to clients, the report said.
Through programs with names like "dividend enhancement" and "dividend uplift," the banks are using complex equity swaps, fake loans and sham stock sales, sometimes through entities in the Cayman Islands, an offshore tax haven, to disguise dividend payments to clients, the report said.
Banks eager to take risks will simply disguise proprietary trading as client-related trading, and regulators will have a very hard time stopping it.
