Streams

Survey: Professional Ethics Weak on Wall Street

Tuesday, July 16, 2013

Luigi Rosa/Flickr

In a survey of hundreds of people working on Wall Street, more than 1 in 5 said they'd seen or heard about wrongdoing in the workplace, and a quarter said they'd engage in insider trading if it meant making $10 million.

Those are two findings of a new survey from the law firm Labaton Sucharow. Jordan A Thomas is a partner at the firm. He says the survey demonstrates that mistrust of the finance industry goes well beyond Main Street.

"People on Wall Street are distrustful of Wall Street....24 percent of financial service professionals feared that they would be retaliated against if they reported misconduct. Seventeen percent thought the leadership of their organization would look the other way if they suspected that a top performer engaged in misconduct.

Read the survey.

And you can hear Richard Hake's full conversation with Thomas by clicking the audio link.

Guests:

Jordan Thomas

Produced by:

Annmarie Fertoli

Tags:

More in:

News, weather, Radiolab, Brian Lehrer and more.
Get the best of WNYC in your inbox, every morning.

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.

Sponsored

Latest Newscast

 

 

Support

WNYC is supported by the Charles H. Revson Foundation: Because a great city needs an informed and engaged public

Feeds

Supported by