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SapphireSmoke SapphireSmoke
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6 years ago
Loyalty is a highly desirable ethical value, and disloyalty is serious unethical and often illegal activity. Explain how and to whom Grossmith, Horcsok, and Webb (G, H, and W) were disloyal.
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#1
6 years ago
G, H, and W were disloyal to UBS because they did not follow its ethical guidelines, which were intended to protect the integrity of clients and hence the market. They were disloyal to the U.S. client and perhaps to a professional body they might be members of that specified a code of conduct. Loyalty involves respecting the interests of others and not acting contrary to the best interests of clients, their employer, and the market regulators.
SapphireSmoke Author
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#2
6 years ago
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