Wall Street And Financial Services Industry Still Dangerously Unethical: Survey

International Business Times
July 16, 2013

Jordan A. Thomas reacts to survey results; says Wall Street morals have gone from bad to worse
Senior Labaton partner Jordan Thomas, who helped oversee the survey, told the International Business Times he found some results this year particularly surprising.

A similar survey last year of the British financial sector actually produced more encouraging results, indicating better behavior, said Thomas.

"Things went from bad to worse in one year," said Thomas. "Consistently across virtually every category, it got worse."

"Younger professionals, who you'd expect, or at least I expected, to be more idealistic and perhaps more ethical, were actually more likely to engage in misconduct and accept misconduct as the status quo," he continued.