Wall Street Is as Ethical as You Assumed

The University of Notre Dame recently carried out a survey and concluded that a sizable number of Wall Street bankers would readily violate existing laws. The study was requested by the law firm Labaton Sucharow and questioned 1,200 people.

One quarter of the professionals surveyed said that they would break laws in order to make $10 million, provided that they wouldn't be caught. This number has actually increased slightly since the survey was last conducted in 2012. Almost half the respondents said that they thought Wall Street regulations were ineffective and nearly 23% of those surveyed said that colleagues had probably done unethical or illegal things to make more money. That last number has doubled since the last survey.


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