Ethical Dilemma Chapter 1
An Ethical Dilemma Chapter 1
1. What are John’s ethical issues?
The first ethical issue John had was when he was changing firms. He felt that he was breaking his contract with Marell and Pew Brokerage and that it wasn’t right for BS to want to wait till the last minute for him to resign and to send out the packets to his accounts.
The second ethical issue I think John had was to either let the SEC know whether or not his trainees had insider information. He knew that having that information was wrong but at the same time he doesn’t want to get into trouble. If he had trained the trainees like he was supposed to then he wouldn’t have been faced with such a difficult decision.
2. Are there any legal considerations for John?
I think this depends on what kind of insider information the trainees have. There are two kinds of insider information, legal and Illegal. If his trainees had “legal” insider information there shouldn’t be any legal consequences for John or the trainees. If the trainees had “illegal” insider information, such as nonpublic information, then I think that John should be held partially responsible. He was supposed to be training them. As a trainer, if your trainees mess up then you should be held responsible.
3. Discuss the implications of each decision John has made thus far and may make in the future to handle his situation.
I think that John may learn his lesson about staying on top of things, not putting too much on his plate at once, and time management, as well and not trusting that his trainees can do things on his own. If John had stayed on top of his trainees, he wouldn’t be faced with making a decision of what to do next. As a trainer, it is his job to know what his trainees are at all times and know what they are doing at all times. If he wouldn’t have taken on so much at once he would have been able to have more time on his hands to train the right way and then he wouldn’t be faced with this dilemma.
1. What are John’s ethical issues?
The first ethical issue John had was when he was changing firms. He felt that he was breaking his contract with Marell and Pew Brokerage and that it wasn’t right for BS to want to wait till the last minute for him to resign and to send out the packets to his accounts.
The second ethical issue I think John had was to either let the SEC know whether or not his trainees had insider information. He knew that having that information was wrong but at the same time he doesn’t want to get into trouble. If he had trained the trainees like he was supposed to then he wouldn’t have been faced with such a difficult decision.
2. Are there any legal considerations for John?
I think this depends on what kind of insider information the trainees have. There are two kinds of insider information, legal and Illegal. If his trainees had “legal” insider information there shouldn’t be any legal consequences for John or the trainees. If the trainees had “illegal” insider information, such as nonpublic information, then I think that John should be held partially responsible. He was supposed to be training them. As a trainer, if your trainees mess up then you should be held responsible.
3. Discuss the implications of each decision John has made thus far and may make in the future to handle his situation.
I think that John may learn his lesson about staying on top of things, not putting too much on his plate at once, and time management, as well and not trusting that his trainees can do things on his own. If John had stayed on top of his trainees, he wouldn’t be faced with making a decision of what to do next. As a trainer, it is his job to know what his trainees are at all times and know what they are doing at all times. If he wouldn’t have taken on so much at once he would have been able to have more time on his hands to train the right way and then he wouldn’t be faced with this dilemma.