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Matt Levine

Finra Finds People Really, Really Want to Be Defrauded

There are so many complicated flavors of financial fraud and near-fraud that it's good to be reminded that there are plenty of simple flavors, too. An oldie but a goodie is:

"But that would never work," you say for some reason. Maybe you're hard at work designing complex derivatives to eke a tiny bit more edge out of your clients and you can't believe it could be that easy.