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An oil baron’s multi-million dollar gift to The American College may result in a more ethical Wall Street for future graduates.

The American College recently announced the intent of Cary Maguire—chairman and president of Maguire Oil Co. and Maguire Resources Co. in Dallas—to finance the endowment behind the Cary M. Maguire Center for Ethics and Financial Services. The $2.5 million donation, disbursed over several years, will go to revamp the school’s existing Center for Ethics and Financial Services.

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