Ethics in Finance is a ground-breaking work in the emerging field of finance ethics. Beginning with examples of the scandals that have shaken public confidence in the ethics of Wall Street, this book explains the need for ethics in the personal conduct of finance professionals and the operation of financial markets and institutions. Provides a comprehensive overview of the ethical issues in finance. The discussion of ethical issues is framed in terms familiar to people in finance. Focus is on practical issues that confront people in all areas of finance and that arise in the developing government and industry regulation. Among the many sources are court cases, regulatory actions, and industry reports. The book contains an in-depth examination of the firm as a nexus of contracts and shareholder wealth maximization as the objective of the firm.