In his article "How Wall Street Deals With Conflicts," on NY Times Dealbook, author Peter J. Henning discusses the conflicts of interest that may exist at full-service investment banking firms, and how other industries deal with conflicts. Here's the link: http://dealbook.nytimes.com/2012/03/19/how-wall-street-deals-with-conflicts/
When I was a practicing attorney, we were required by state law to disclose any conflict of interest to all parties involved and to obtain written consents prior to continuing with the representation. No such requirement exists in investment banking. Perhaps it's time that investment banking begins to do something similar?
When I was a practicing attorney, we were required by state law to disclose any conflict of interest to all parties involved and to obtain written consents prior to continuing with the representation. No such requirement exists in investment banking. Perhaps it's time that investment banking begins to do something similar?
