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Whistleblowers alleging BNY Mellon (BK) and State Street (STT) overcharged clients for...

Whistleblowers alleging BNY Mellon (BK) and State Street (STT) overcharged clients for currency trades could provide an early test of the SEC's new program to encourage tips about financial wrongdoing. The tips are among the first publicly reported possible bounty claims to the SEC. (earlier)
Comments (1)
  • Orange Juice (OJ: +4.53%)
    , contributor
    Comments (17) | Send Message
     
    So the way to overcome ethical dilemmas is to offer a cash prize to the whistleblowers.. shocking that a cash incentive can change the mind of unethical individuals. BNY Mellon and State Street should have auditioned for the new Footloose.. they're fancy financial footwork would have stolen the spotlight.
    16 Nov 2011, 02:31 PM Reply Like
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