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Pervasive bad behaviour seen in complex debt

US probes have found that dealers are still striking improper deals, lying to clients

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TAKING ACTION: The government's case against former Jefferies Group trader Jesse Litvak raised the spectre that certain types of alleged dishonesty can be treated as criminal even though they're regarded as commonplace by traders and investors.

BT_20150221_DEBT21A_1525025.jpg
TAKING ACTION: The government's case against former Jefferies Group trader Jesse Litvak (above) raised the spectre that certain types of alleged dishonesty can be treated as criminal even though they're regarded as commonplace by traders and investors.

New York

AFTER shocking mortgage-bond traders by seeking to put one trader in jail, US investigators now see more inappropriate behaviour that needs to be addressed in the market for such complicated debt.

For example, investigators have found signs that dealers are still lying to

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