Labaton

Corporate Integrity at a Crossroads

by Jordan A. Thomas

August 06, 2012

Wall StreetFleet StreetMain Street: Corporate Integrity at a Crossroads

In the wake of that crisis, numerous countries have examined–and some have adopted–laws and regulations aimed at creating greater stability in the financial markets. In the UK, June 2010 marked the establishment of the Independent Commission on Banking. One month later, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act, the most sweeping financial reform effort since the Great Depression. Recognizing that financial regulators and law enforcement authorities cannot effectively and efficiently police the marketplace without the assistance of private individuals, one of DoddFrank’s key provisions required the Securities and Exchange Commission (SEC) to establish a whistleblower program that offered anonymous reporting, employment protections and monetary awards to individuals who report violations of the federal securities laws.

We surveyed 500 professionals–evenly split across the United States and the United Kingdom– working in various segments of the financial services industry. We asked about personal ethics, corporate culture and possible misconduct. We asked about competitors. We asked about the regulators and law enforcement authorities that oversee the financial services industry.

For the full report, click here

Insights & Analyses

We're attuned to (often ahead of) the key issues facing the market. Our archive is an arsenal. It's about arming investors with the information they need to make sound decisions.