man-user-icon Client Login Portal
    • addthis
    • link : Client Login
    • knowledge network
    • Practice Areas
    • Cases
    • About Us
    • News & Events
    • Our People
    • Knowledge Network
    • Contact Us
    Labaton Sucharow
    • addthis
    • link : Client Login
    • knowledge network
    • Practice Areas
    • Cases
    • About Us
    • News & Events
    • Our People
    • Knowledge Network
    • Contact Us
    • Practice Areas
    • Cases
    • About Us
    • News & Events
    • Our People
    • Contact Us
    • Knowledge Network
    • Client Login
    • Search
    • addthis
    • link : Client Login
    • knowledge network
    Labaton Sucharow
    • News & Events
      • Press Room
      • Published
      • Events
    • Digital Library
      • Videos
      • Podcasts
      • Webinars
    • News & Events
      • Press Room
      • Published
      • Events
      • The Liaison
    • Digital Library
      • Videos
      • Podcasts
      • Webinars

    Is This How Wall Street Cleans Up Its Act? Badly Behaved Banker List Raises Concerns

    International Business Times
    December 22, 2015

    Jordan A. Thomas warns great care must be taken in proposed database of 'misbehaved' bankers

    An effort is underway to create a master list of Wall Street bankers who have run into ethical issues on the job. The proposed database would help companies avoid hiring repeat offenders who have a habit of jumping from firm to firm.

    But advocates of stronger ethics on Wall Street question whether it’s possible to change behaviors without changing incentives.“In many financial institutions there’s a disconnect between what the bank says and what is actually being done,” said Jordan Thomas. Even when employees face companywide ethics guidelines “the structure in which they are working puts pressure on them” to break rules, Thomas added.

    “Greater transparency regarding the participants in the financial markets is always good for investors,” said Thomas, who was previously a litigation counsel at the Securities and Exchange Commission. “However, great care would need to be taken in the details of such a program because of the potential for abuse.”

    Useful Links

    • Practice Areas
    • Cases
    • About Us
    • News & Events
    • Our People
    • Knowledge Center

    Our Locations

    footer-list-map_icon New York
    140 Broadway
    New York, NY 10005
    212-907-0700

    footer-list-map_icon Delaware
    300 Delaware Avenue, Suite 1340
    Wilmington, DE 19801
    302-573-2540

    Useful Links

    footer-list-map_icon Washington, D.C.
    1050 Connecticut Avenue, NW, Suite 500
    Washington, D.C. 20036
    202-772-1880

    Stay Connected

    • Facebook
    • Twitter
    • LinkedIn
    Labaton Sucharow
    • Attorney Advertising Disclaimer
    • Privacy Policy
    • labaton.com
    • Labaton Sucharow All Rights Reserved 2019

    Attorney Advertising Disclaimer

    The materials appearing on this website are provided for informational purposes only and do not constitute legal advice. You should not take action based upon this information without consulting legal counsel. This site is not intended to create an attorney-client relationship. The hiring of a lawyer is an important decision that should not be based solely upon any single source of information, including advertising on this website. You may ask us to send you further information about us, and we urge you to review other sources of information about us.