New survey suggests that a large number of Wall Streeters wouldn’t have a problem trading on illegal information if the price were right.
A new light-hearted survey suggests that a large number of Wall Streeters wouldn’t have a problem trading on illegal information if the price were right.
“An astonishing 22 percent of respondents say they have observed or have first-hand knowledge of actual wrongdoing in the workplace. On an individual level, a quarter of those surveyed say they would likely engage in insider trading to make $10 million if there was no chance of being arrested,” according to a survey of 1,200 financial professionals in the U.S. and UK performed by the University of Notre Dame Mendoza College of Business. “Employees with less than 10 years of experience are more than two times as likely to use non-public information than those with over 20 years of experience, reporting 32 percent and 14 percent respectively.”
“An astonishing 22 percent of respondents say they have observed or have first-hand knowledge of actual wrongdoing in the workplace. On an individual level, a quarter of those surveyed say they would likely engage in insider trading to make $10 million if there was no chance of being arrested,” according to a survey of 1,200 financial professionals in the U.S. and UK performed by the University of Notre Dame Mendoza College of Business. “Employees with less than 10 years of experience are more than two times as likely to use non-public information than those with over 20 years of experience, reporting 32 percent and 14 percent respectively.”
