Some Finance Pros Say Fraud Is Necessary For Success

Law360, New York (July 10, 2012, 7:25 PM EDT) -- A seemingly endless stream of Wall Street scandals has led to a general distrust of the financial system, and misgivings are unlikely to wane after the Tuesday release of a report finding that nearly a quarter of financial pros feel they must engage in illegal activities to succeed.

In a survey commissioned by plaintiffs' firm Labaton Sucharow LLP, 24 percent of financial professionals said that they "may need to engage in unethical or illegal conduct" in order to be successful, and approximately 16 percent of financial...
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