BUS 670 Legal and ethical issues final 1

In many financial institutions around the country, there are independent investment and securities brokers. Each broker that operates under a financial institution must pass the broker license and complete a background check to assist and manage an investor’s financial success. As a broker’s book of business grows, he or she has to make sure that they are servicing each of the investor’s portfolios. However, when greed becomes a part of some broker’s characteristic, they look for ways to increase their gross dealer concession (GDC). In this paper,we will provide a description of business situations that presents a legal and ethical issue. In addition,we will present an analysis of the ethical concerns raised by the situation; apply at least two different ethical theories to the situation to support at least two different outcomes. Further, we will determine which ethical outlook as applied to this particular situation will result in the best legal outcome for the business. Finally, we will provide an explanation of at least three of the relevant areas of law, and provide recommendations to reduce liability exposure and improve the ethical climate or the overall ethics of the situation
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