strict conflict of interest policy that outlines what employees can and cannot do concerning conducting business with (a) customers, (b) competitors, (c) suppliers, and (d) other employees. They also have a strict insider trading policy that builds upon the federal and state insider trading laws and regulations. This policy prevents employees from releasing
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and regulating all authorized self-regulatory organizations in the securities market. * Prohibiting fraudulent and unfair trade practices relating to securities trading in any securities market. * Promoting investors’ education and providing training for intermediaries of the securities market. * Prohibiting insider trading in securities. * Regulating the substantial acquisition of shares and take-over of companies. * Undertaking investigation and inspection, inquiries and audit
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spent on each stock. In better understanding the difference of the two programs “ fantasy sports games allow you to establish positions before the game begins and they watch from there, whereas tradesports.com the stocks are listed and available for trading before the game begins, but the real fun is the ability to manage positions as the game takes place.” (Heitner, Darren 05/05/2014, Forbes Magazine)
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Crane & Matten, Business ethics, 3rd Edition, Chapter 6 Suggested answers to the Think Theory exercises associated with the Ethics in Action boxes THINK THEORY 1 Think of the duties of managers to their shareholders from the perspective of ethics of duty (Kant’s theory). Apply this theoretical lens to the three incidents described above. In each case, management in the three incidents failed to respect the ethics of duty. Kant’s Maxim 1 is about an action being right only if everyone could
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decisions and actions at Enron. Included among these criminal charges were money laundering, wire fraud, securities fraud, conspiracy, making false statements on financial reports, and insider trading. Some of the activities that led to these criminal charges were: (a) concealing how extensively Enron was involved in trading in order to support a high market valuation of Enron’s stock; (b) setting up and operating related party transactions, called LJM partnerships, to do business with Enron; (c) exempting
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access or have the information about the impact of activities on stock prices stock bonuses. This is a conflict of interest for the employee trying to be virtuous and the self interest of the person. Most would use that information to gain an edge on trading shares. People sometimes find themselves in this conflict unwillingly because of the company. Psychological egoism lifestyle is thought to be unethical compared to the virtuous lifestyle. This is the thought because people find that when you are
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including: U.S. stock exchanges, options markets, and other electronic exchanges and securities markets. The Securities Exchange Act of 1934 created the laws that regulated it. The Securities Exchange Act of 1934 is a law governing the secondary trading of securities in the U.S. The commission's division of enforcement investigates possible violations of federal securities related laws and can take civil action with other law enforcement agencies when it comes to criminal cases. The market crash
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Compliance Program / Annual Procedure Review Rule 206(4)-7 of the Investment Advisers Act creates a fiduciary responsibility for investment advisers to review annually their policies and procedures to determine their adequacy and the effectiveness of their implementation. As part of this review, all policies, procedures and responsibilities of an adviser must be reviewed, and the findings documented. The review should consider all factors that might suggest a need to revise the policies and procedures
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ENGL 1561 Business Writing Final Assignment Melissa E. Bryan Laurentian University March 31, 2014 Ethics can be defined as having standards of moral behavior that is accepted by society as right or wrong (Nickels, McHugh, McHugh, Cossa, & Sproule, 2013). In day-to-day life, the decisions made in ethical dilemmas can be very situational. There does not seem to be a clear set of rules and because of this, unethical situations and decisions arise. The term boiler room refers to an outbound
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portrait----even if formal charges of criminal activity exist. Martha Stewart, a “model student” and iconic legend of the kitchen, has been world renown for her success and outspokenness in the past; however, upon receiving allegations of insider trading, Stewart actually became a ‘silent diva’ by inevitably isolating herself from all media and society (Seitel, 17-18). Although this initial public relations response helped Martha avoid responding to the pressing questions from the media, I believe
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