How Ethical is Wall Street?

Wall Street short on ethics, report finds

The New York Times

How ethical is Wall Street?

It is a question that has been asked countless times since the financial crisis, especially when scandals like the rate-rigging case at Barclays and prominent insider trading trials expose questionable behavior in the financial industry. A new study offers an answer: Wall Street is not very ethical at all.

Read the full article here.

Caught on Tape

The scam Wall Street learned from the mafia

Rolling Stone

Someday, it will go down in history as the first trial of the modern American mafia. Of course, you won't hear the recent financial corruption case, United States of America v. Carollo, Goldberg and Grimm, called anything like that. If you heard about it at all, you're probably either in the municipal bond business or married to an antitrust lawyer.

Read the full article here.

Using Secret Information as Currency

U.S. charges 7 for insider trading of Dell stock

The New York Times

Sandeep Goyal was a small-time stock analyst with a big connection. In 2008, while working at a mutual fund company, Mr. Goyal received illegal tips from a Dell employee about the company’s financial results, federal authorities say.

Read the full article here.

FCIC Senior Fraud Investigator & CFE Interviewed on 60 Minutes

Behind the financial crisis: A fraud investigator talks

CBS News

"It's been three years since the financial crisis crippled the American economy," Steve Kroft begins his 60 Minutes piece this week. "[Yet] there has not been a single prosecution of a high ranking Wall Street executive or major financial firm."

Read, and watch, the interview here.

The World According to Harry

Harry Markopolos: How to spot a fraud

Bloomberg Businessweek

It’s easy. It’s like whack-a-mole. Focus on the manager or the company that is head and shoulders above the rest. Whenever somebody has outstanding performance, Wall Street assumes genius. I assume fraud until genius is proven.

Read the full article here.