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UBS rogue trader ruling

Kweku Claus

U.S. securities laws have their limits and do not justify making UBS liable to shareholders for touting its ability to control risk even as it harbored a rogue trader who caused $2.3bn of losses, a federal judge ruled on Friday.

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Kweku Claus

UBS rogue trader ruling

U.S. securities laws have their limits and do not justify making UBS liable to shareholders for touting its ability to control risk even as it harbored a rogue trader who caused $2.3bn of losses, a federal judge ruled on Friday.