Pressure To Act Unethically Looms Over Wall Street, Survey Finds

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Alan Schein Photography/Corbis

A new survey of financial professionals tends to confirm the widely held belief that the financial industry has an ethics problem.

Among the more than 1,200 financial professionals in the U.S. and Britain who were surveyed, about half the respondents believe their competitors in the industry have behaved unethically or illegally to gain an advantage in the market.

Ann Tenbrunsel, one of the authors of the study, says that perception, even if it’s just a suspicion, does not bode well for the industry.

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