This second edition of the ground-breaking Ethics in Finance, is an up-to-date, valuable addition to the emerging field of finance ethics. Citing examples of the scandals that have shaken public confidence in the ethics of Wall Street, this text explains the importance of ethics the operation of financial institutions and in the personal conduct of finance professionals. Focuses on practical issues that confront finance professionals and policy makers Now includes discussion of issues in mutual funds and financial engineering, the independence of analysts at investment banks, and the bank’s responsibility for the conduct of its clients Features a new chapter on conflicts of interest in financial services, expanded treatment of ethical issues in IPOs, and a new discussion about the discarding of pension funds Cites examples of the scandals that have shaken public confidence in Wall Street