Survey Finds 1 in 4 Financial Pros Have Personal Knowledge of Business Wrongdoing

“For those who say Wall Street is evil, there’s new research data culled from finance industry professionals to back that up.

A recent survey of 500 brokers, analysts, and hedge-fund managers on the ethics of their business practices found a quarter of them said they had firsthand knowledge or experience of wrongdoing in the workplace.

The study conducted by research group Populous for the law firm Labaton and Sucharow turned up other disheartening results:

• Nearly a quarter of survey participants said they thought financial services professionals needed to engage in wrongful business practices in order to be successful.

• Only 41 percent of those surveyed responded with certainty that those in their company had not acted unethically.”

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