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William D. Cohan

Wall St. Faces Mounting Criticism From Regulators

"Despite the fallout from the 2008 financial crisis, Wall Street still has a tendency to dismiss as frivolous some of the ethical issues it faces daily.

"But at a Nov. 5 symposium on ethics at the Federal Reserve Bank of New York — the second on the topic two years — regulators suggested that Wall Street executives who continue to ignore the various cultural flaws at their firms do so at their own peril.

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