Tuesday, 8 November 2011

Wolf on the spit..

We sympathise with Occupy Wall Street (OWS), the self-styled people's-power movement fighting against, in their own words 'the corrosive power of major banks & multinational companies'. Even so, you could in fact argue that the banks & multinational companies had the latitude to act contrary to the spirit of the law on lax, negligent and in some cases, blatantly incompetent REGULATORY supervision.

You would be hard-pressed to understand why the Johannesburg Stock Exchange (JSE) would insist on high moral and ethical standards at community level without aggressively insisting on the same code of conduct internally. Trade-execution procedures for personal accounts, specifically applied to its executive, are seemingly easily transgressed. 

Whilst details on Allan Thompson's dismissal are sketchy you would be forgiven for thinking that, in this case at least, the wolves have been put in charge of the lambs...

No comments:

Post a Comment