Corruption and Fraud in Financial Markets: Malpractice, Misconduct and Manipulation
By Professor Carol Alexander
Identify and stop potential issues before they become finable offences
Corruption and Fraud in Financial Markets offers financial industry professionals with a comprehensive study on malpractice, misconduct and manipulation. Chapters cover detection, prevention and regulation of corruption and fraud within different financial markets. Written by experts at the forefront of finance and risk management, this book details the many practices that bring potentially devastating consequences, including insider trading, price manipulation, bribery, false disclosure, volume manipulation, spoofing, options backdating and more, as well as improper execution, improper broker-agency relationships and other conflicts that reside at one end of the sliding scale of normal operations.
Financial market misconduct and fraud affects about 15 percent of publicly listed companies each year, and the resulting fines can amount to 20-38 percent of the company’s value. Clearly punitive, these massive fines can blow through an organisation’s budget and initiate a tailspin from which it may never recover. This book gives you a deeper understanding of misconduct to help you from falling victim to unethical practices.
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