Beginning Next Week: InsideCounsel will become part of Corporate Counsel. Bringing these two industry-leading websites together will now give you comprehensive coverage of the full spectrum of issues affecting today's General Counsel at companies of all sizes. You will continue to receive expert analysis on key issues including corporate litigation, labor developments, tech initiatives and intellectual property, as well as Women, Influence & Power in Law (WIPL) professional development content. Plus we'll be serving all ALM legal publications from one interconnected platform, powered by, giving you easy access to additional relevant content from other InsideCounsel sister publications.

To prevent a disruption in service, you will be automatically redirected to the new site next week. Thank you for being a valued InsideCounsel reader!


More On

Survey reveals murky ethical compass on Wall Street

23 percent of those surveyed had first-hand knowledge of misconduct in the workplace

A new survey confirms the obvious: Wall Street’s ethics are on the fritz.

Labaton Sucharow’s second annual financial services survey, dramatically titled “Wall Street in Crisis: A Perfect Storm Looming,” was a confidential poll of financial professionals on issues such as regulators, ethics and workplace wrongdoing. The results were… somewhat less than encouraging. Some key statistics below:

  • 52% of respondents thought their competitors behaved unethically or illegally
  • 24% of respondents thought people within their own company behaved unethically or illegally
  • 28% said they believed the industry doesn’t put its clients’ interests first
  • 24% said they would engage in insider trading if they wouldn’t get in trouble for it
  • 29% said they thought finance professionals needed to behave unethically to succeed
  • 23% said they personally had first-hand knowledge or had observed misconduct

"Our survey suggests there is a big disconnect between what the financial services industry preaches and what it actually does," said Chris Keller, partner and head of case development at Labaton Sucharow, in a press release. "Until a culture of integrity and stewardship is established, investors will be at risk."


Read more stories about surveys on InsideCounsel:

61% of GCs unsatisfied with law firm rates

U.S. employers adjust to current economy, identify concerns, new study says

Facts & Figures: Litigation driving hiring at law firms, legal departments

Facts & Figures: Organizational changes can increase risk of misconduct

Join the Conversation

Advertisement. Closing in 15 seconds.