Soc Gen Trader Wasn't A "Lone Gunman"

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We've said it before: the tag "rogue trader" just gets attached to traders who lose money. When they are making money, they are superstars. Now the news is that Societe Generale trader Jerome Kerviel probably did not act alone.
Reuters is reporting that Kerviel may have had "internal help when he built up massive share market bets that led to a record trading loss, a report published by the French bank said on Friday."
The report says SocGen was ridden with weak supervision and poor control systems. But you already knew that.

SocGen trader may have had help: internal report
[Reuters]

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