Recent headlines about UBS and its alleged rogue trader should not scare you off of the banking sector.

FORBES: The New UBS Is A Lot Like The Old UBS

How can a rogue trader and risky transactions survive risk management systems absolutely required by Dodd-Frank, existing law, compliance, regulation and accounting standards?

FORBES: UBS Goes Rogue: What Else Are Bankers Hiding In Their Drawers?

Among the top nominees is UBS rogue trader Kweku Adoboli.

FORBES: UBS Rogue Trader Up For London's Best-Dressed Banker

Analysts said that in the previous quarters that bank had begun an extensive risk-cutting program and reduced its large trading positions, following the losses from rogue trader Jerome Kerviel.

FORBES: Market Scan

He sold his story for a six-figure sum to the Daily Mail, wrote a book and had a film made about his time at Barings called "Rogue Trader" starring Ewan McGregor.

CNN: 'Rogue trader' Nick Leeson: I wanted to kill myself

Strikingly, he has not said that these transactions, carried out for JPMorgan's own benefit (or disbenefit, as it turns out) through its chief investment office, were unauthorised or down to a putative "rogue trader".

BBC: JPMorgan��s loss may cost all banks

The last piece of the psychological puzzle is the mental trap that a rogue trader finds himself in once the losses start stacking up and he faces an impending deadline at which point the game will be up.

BBC: The psychology of the rogue trader

Before that, he was an executive director at Barings, the venerable British investment bank that collapsed in 1995 after a rogue-trader scandal, and at the International Monetary Fund.

NEWYORKER: What Good Is Wall Street?