This second edition of the ground-breaking Ethics in Finance provides a valuable, up-to-date addition to the emerging field of finance ethics. Citing examples of the scandals that have shaken public confidence in Wall Street, John R. Boatright explores the importance of ethics in the operation of financial institutions and in the personal conduct of finance professionals. In addition to the topics considered in the first edition - including unethical sales practices, insider and program trading, the abuse of bankruptcy, and hostile takeovers - this broadened second edition: Incorporates new discussions of issues in mutual funds and financial engineering, the independence of analysts at investment banks, the bank's responsibility for the conduct of its clients, and a number of other significant subjects Includes a chapter on conflicts of interest in financial services Offers expanded treatment of ethical issues in IPOs and a discussion about the discarding of pension funds. This comprehensive book is suitable for anyone involved in financial activities, as well as students of finance and business ethics.

John R. Boatright is the Raymond C. Baumhart, S. J., Professor of Business Ethics and Professor of Management in the School of Business Administration at Loyola University Chicago. He is author of the textbook Ethics and The Conduct of Business, and editor of a casebook Cases in Ethics and the Conduct of Business. Boatright is a former president of the Society for Business Ethics, and he serves on the editorial boards of Journal of Business Ethics, Business Ethics Quarterly, and Business and Society Review. A graduate of the College of Wooster, he received his MA and PhD in Philosophy from the University of Chicago.