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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (862581)	6/4/2015 9:07:31 PM
From: combjelly	2 Recommendations Recommended By bentway tejek Respond to of 1578295

I am not the only one who has made these observations. We surveyed 500 professionals–evenly split across the United States and the United Kingdom– working in various segments of the financial services industry. We asked about personal ethics, corporate culture and possible misconduct. We asked about competitors. We asked about the regulators and law enforcement authorities that oversee the financial services industry. The results were both alarming and, in some cases, encouraging. Among our key findings: • Misconduct is still widespread in the financial services industry; 26% of respondents indicated that they had observed or had firsthand knowledge of wrongdoing in the workplace. • Nearly one-fourth of respondents believed that financial services professionals may need to engage in unethical or illegal conduct in order to be successful. • An alarming number of financial services professionals, 16% of respondents, would commit a crime–insider trading–if they could get away with it. 1 Labaton Sucharow – US & UK Financial Services Industry Survey – July 2012 • Nearly one-third of all financial services professionals reported feeling pressured by bonus or compensation plans to violate the law or engage in unethical conduct. Nearly one-quarter of the respondents felt similar pressure from other sources. • While enforcement actions are on the rise and new reforms have strengthened financial regulators and law enforcement authorities, only one in four financial services professionals believe these watchdogs are effective. • Despite the encouraging 94% of financial services professionals who indicated a willingness to report wrongdoing given the protections and incentives such as those offered by the SEC Whistleblower Program, less than half of the industry is aware of the SEC’s new program. labaton.com