Ethics … Investment … Investors
The “Madoff” scandal is not a new issue to the financial industry, or the regulators. Though the scale of the damages comes with the large size of the fund (one of the largest ever – USD 50 bill), the ethical image of the regulated markets management, the investment companies management and the regulators’ competence in understanding and regulating sophisticated related deals comes under the attack. The Ponzi investor is dead, long live the Ponzi investor.
Regardless the size of the loss, the financial world should draw conclusions on the degree of trust, the ethical standing of the managers, when taking an investment decision.
Is there a litmus for the investment managers ethics!?
28 December, 2008
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