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The exchanges were owned by their traders, who made the rules.
Wall Street firms often provide machines for only their traders, bankers and investment executives.
But Enron executives always insisted that absolutely nothing their traders had done contributed to the crisis.
Top executives of member firms said yesterday that all their traders reported to work.
Two, the C.E.O.s clearly didn't understand what their traders were doing.
Compliance staffs of hedge funds are warning their traders to report information sources that might be a problem.
Many banks have rightly developed codes of ethics or business principles, but have all their traders absorbed their meaning?
Partners had a sharp incentive to control their traders because their own money was at risk in the markets.
Those who manage the books must be tough and smart enough to challenge the information they collect from their traders.
Others are making their traders jump through legal hoops before allowing them to speak to an expert.
The level of remuneration currently paid to their traders and executives surely shows they could afford it.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com