FierceFinance – CIOs and their tech teams often think that they are responsible solely for keeping the lights on and the systems humming. But what about what happens on the trading floor? Does an IT staffer have a role in the ethical behavior of their fellow traders or should they just concentrate on making sure it’s all systems go?
This debate comes to mind with the release of a new study of rule-breaking inside today’s hedge funds. The cut-throat competition and the fear of losing cushy bonuses sometimes drive hedge fund traders to break the law themselves or look the other way when others cut corners.