Samuel Asare. Professor Marines. Eng 302-B23. March 2,

He has been sentenced to 130 months in prison followed by three years of supervised released. Richard was convicted of wire fraud, securities fraud, willful certification of false statements to SEC, failure to pay over payroll taxes, and income tax evasion.

During the American Revolution , the Continental Congress passes a resolution stating that “two Battalions of Marines be raised” for service as landing forces for the recently formed Continental Navy. The resolution, drafted by future U.S. president John Adams and adopted in Philadelphia, created the Continental Marines and is now observed as the birth date of the United States Marine Corps.

David Kaplan, chief professional officer of the Alexandria-based organization said Cohen was found to have violated six sections of the ACA’s ethics code, which bars members from actions that “seek to meet their personal needs at the expense of clients”, those that exploit “the trust and dependency of clients”, and for soliciting testimonials or promoting products in a deceptive manner.

“Wall Street is broken for sure because it succumbed to greed and corruption and pure speculation with no values.” (Deepak Chopra).Wall Street, being made of people and resources with a lot of money, there are many ways that temptation can become overpowering. With the people working for Wall Street corporations, they face the challenges of making decisions based on what could benefit them most, rather than what is the best option that could benefit more people. Some of these decisions that have been made according to society have some short term benefits, but more often than not, these benefits don’t last as long as hoped. When people succumb to the temptation of greed, the long term effects of those decisions may become negative.

For this assignment, use the Internet to research high-risk investment brokerage firms that have been indicted or convicted of ethical violations to provide insight and understanding of this market segment.

This is no unfeeling Wall Street Tycoon--no 19th Century version of Ivan Boesky or Michael Milken.  Craver and Plante explain, "It would be to

When I read about someone charged with insider trading, I am interested enough to read more about it. So, when I saw the news of the SEC charges of insider trading against legendary investor Leon Cooperman, I started digging into as much information about the case as I could.

After Bernard Madoff, a former NASDAQ chairman, was arrested on December 11, 2008, he acknowledged that his performance was nothing but the Ponzi scheme. He pled guilty to the biggest investor fraud ever committed by anyone on March 12, 2009. On June 29, 2009, he was sentenced to 150 years in prison.

In July 2013, the SEC charged Steven with unsatisfactory supervision of portfolio managers Michael Steinberg and Matthew Martoma. They were equally accused of insider trading at Cohen's affiliate firms, SAC Capital which is currently doing business as Point72. The charges filed against Steinberg were dropped however, Martoma was awarded a jail term of no less than nine years. Steinberg follows six others who were convicted of insider trading.

Extremely concerning is the fact as recent as 2015, several high-level leaders and investors have lost millions of investors’ money and our elected officials still haven 't taken appropriate action, even after the financial crisis in 2008. Several acts of unethical behavior by upper-level Management large organizations have made it very difficult to know who to trust with your money. Especially, when our government officials did not act with normal citizens in mind. Both, the company 's and our government officials are driven by the need for money. However, businesses continue to lose investors and taxpayers’ money. As recently as, 2015, large companies have lost investor 's finances, due to bad decisions or fraud.

Stephen Richards’ actions were plain and simply criminal, and therefore very serious. Richards used his position of power as the Global head of sales to compel clients into boosting sales earnings by quarter. And ultimately this led to "overly aggressive accounting practices" to boost their reported earnings. It was well known to CA’s

For Commercial Bank Management class I read The Big Short and reflected on its contents. In this paper, I will describe my reading of the book and show how it relates to this class. I devoted about a week to this project—reading, reflecting and writing. During this activity, I kept notes on what I was reading so that I could better understand exactly what happened in terms of concepts like collateralized debt obligations, etc. But what most interested me about this activity was the human element of the story.

The American International Group “is a leading international insurance organization serving customers in more than 100 countries.” When this organization crashed in September 2008 it saved by the skin of its teeth by the Federal Reserve which owned by the government proved a bailout for The American International Group. This bailout caused The American International Group to become one of the most debated player in the finical crises of 2008–2009. The American International Group is run by a group of individuals who only were looking out for themselves and solely because of this the company eventually met its downfall, however it would soon rise again in the near future. The company is a company involved “in a high-stakes risk-taking scheme” this is supported by managers and employees of AIG. The company had around 116,000 employees, about 500 employees per unit. However what brought the company down was its Financial Products unit this unit solely specializes in products, “and other financial contracts that were tied to subprime mortgages” or merchandises. This unit had generated billions, and billions of profit for The American International Group, however its dealings were risky and possibly illegal. The former CEO Maurice “Hank” Greenberg of The American International Group had suspected that the Financial Products unit were involved in some risky possibly illegal activity, this was brought to surface after Liddy had admitted this to former Treasury Secretary Hank

By using the ethical perspective to look at Lehman Brothers’ situation, it showed that the company being dishonest to it clients, failure in the company leadership and corporate management are the major problems that lead to the company downfalls. As a Wall Street icon, they disappointed the public and being irresponsible towards

This was a case in which all its stake holders (government, employees, shareholders, and management) were cheated. All their interests’ were sacrificed for the personal benefits of the company’s chairman who invested a major share of the wealth hence earned in real estate. His confessions about the fraud in the company resulted in the drastic fall of companies share value from 500 to 11 in one single day. This lead to the investors losing their hope and trust in the company.