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The deficiencies undermine the study's conclusions as well as its use as a basis for dual trading curbs.
American banks such as Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS) may elect to drop their bank holding company status in order to get around the proposed trading curbs.
If trading curbs were sharply tightened, he said, it would take many more speculators to make up the other side of transactions with big hedgers like Chesapeake.