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re: 14 years for city trader(Update)
I doubt the executives who, at the very least, turned a blind eye to this illegality (and other dubious practices) and regulators who clearly weren't up to the task will ever face any form of sanction. IMHO it's inconceivable that sharp practice on the huge scale now evident wasn't known about at the highest levels and even if illegality can't be proved, those who presided over this ought to be made to pay heavily.
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