Wall Street Makes It Hard to Earn Legal Living

This article makes an argument that it is very hard to make a living legally on Wall Street. Even though there are many honest and decent people on Wall Street, they work in such an environment that constantly compromises their ethics. “The goal of investing is to get an edge, whereas the securities laws presume all investors should have the same information at once. If ever there was a recipe for a system rife with abuse, this is it. The harder that money managers, traders and analysts must work to get information that gives them that edge, the more likely some are to cross a legal line.”