By George Wilbanks

Over the last several years, the investment management business has seen a series of ethical lapses that drastically diminished the confidence of the market in executives and led to significantly greater regulation and regulatory scrutiny. As one of the most highly regulated and transparent businesses in the world, the vast majority of participants in the investment business have built a reputation of trust with clients for decades. What then could have led to such widespread failures at otherwise highly regarded firms?

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