scorecardWall Street workers are more willing to break the law than they were two years ago
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Wall Street workers are more willing to break the law than they were two years ago

Wall Street workers are more willing to break the law than they were two years ago
Stock Market2 min read

Raj Rajaratnam

Reuters/ Brendan McDermid

Raj Rajaratnam was convincted of fraud.

Wall Street pros are increasingly willing to break the law to make a buck, according to a new survey out Tuesday morning.

A whopping 25% of respondents answering a survey from Labaton Sucharow and the University of Notre Dame admitted they would illegally use non-public information to make a $10 million gain, if they knew there was no chance they'd get caught.

In 2013, that number was only 24%.

Men are more likely to break the law to make a buck, than women, according to the study: 27% of males said they would take the risk to make $10 million, compared to 22% of women.

This disparity is even more pronounced in the UK: more than one-third of males admitted they would break the law for a financial windfall, compared to just 23% of women.

Younger employees were more likely to make big risks to make big gains: 32% of those with less than a decade of experience also said they would likely engage in insider trading to make $10 million in gains, if they knew they wouldn't get caught.

The survey also concluded that 17% of respondents believe it is "unlikely" top bosses would tell enforcement about illegal activity.

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Labaton Sucharow

Less experienced employees are much more likely to commit insider trading violations.

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