You work for a family owned business that does financial advising. You are the senior advisor of high net worth clients and you are expecting to be promoted next year, if the business is able to go public. You are asked by the CEO to ensure that the returns for your clients show a 20% gain so that when the company goes public it will receive a premium offering. The only way for you to show the 20% gain is to delay your reporting to your clients of recent losses to their portfolio until after the public offering. You stand to make a great deal of money with your promotion and stock options when the company goes public. While not illegal, it might be considered unethical in light of the fiduciary responsibility that you have to your clients. What are the ethical implications and what ethical theories are involved? Use course content and outside research to support your discussion.
Jul 19, | students