WASHINGTON — Democratic presidential favorite Hillary Clinton laid out a plan Thursday to rein in the excesses of the U.S. financial system, emphasizing the need to prosecute Wall Street executives for wrongdoing, tighten Dodd-Frank Act rules and boost funding for financial regulators.

But the plan appears to move only incrementally beyond reforms already put in place by the Obama administration and is still a far cry from the more daring proposals of her most formidable Democratic competitor, Sen. Bernie Sanders, who has called for a wholesale restructuring of the biggest banks.

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