Consumers, traders and authorities all support the call for strong legislative initiatives, the E.C. claims.
Many of Havana's Del Boys – fast-talking street traders who dodge authorities – are becoming legitimate.
Europe wants traders to notify authorities when their net short position reaches 0.2% of the outstanding equity, and to alert markets when it is more than 0.5%.
The case rests on evidence of increasing urbanisation of the poor, frequent conflicts between traders and city authorities, badly planned markets and urban agriculture, increasing congestion and poor roads.
Until recently, it was legal for registered traders or government authorities to auction off some pangolins, like those seized from poachers.
As Reuters pointed out, "Many traders accuse city authorities of turning a blind eye, in return for bribes, when they started setting up their businesses and argue that it is now unfair to close them as it would leave tens of thousands unemployed".
During his interrogation, the trader, Jérôme Kerviel, told authorities, "I can't believe that my superiors were not aware of the amounts that I was committing.
SAC portfolio managers — the fund's most senior traders, given the authority to make their own investment decisions and also feed Mr. Cohen their best ideas — are paid, on average, 20 percent of the profits they generate for the fund.
With the advent of DNA fingerprinting for timber, it may in future be illegal tree traders, rather than forestry authorities, who are left stumped.
So far, the abuses have been limited mostly to low-ranking traders and managers, though authorities will hold senior executives accountable if they are implicated.
