Ethics and Suckers
Title: Ethics and Suckers
Category: Literature / English | Words: 478 | Pages: 2.0 (approximately 235 words/page)
Ethics and Suckers
Ethics and Suckers
My personal interest in trading stocks and bonds led me to analyze this case, which involves ethics in business. Wheat First is a brokerage company and a member of the New York Sock Exchange and the NASD. They operate in the city on New York and are able to make recommendations on what stocks they believe will perform well. Their clients Philip Friedman and Carl Defreitas filled a complaint to the SEC …
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showed last 75 words of 478 total…business in a just fashion. However, I believe that the case should have been dismissed because the job of a full service brokerage house is to make recommendations they think will be productive for their clients. If the lawsuit were successful, every broker would have to think twice before recommending a stock. This lawsuit was an attempt to get an insurance policy on the stock market, but it just doesn’t work that way.
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