Traders Do Less Crime at Home
Also compensation actually paid, AI M&A pitches, buybacks vs. dividends, liability management, Elon Musk’s Twitter sitter and Taylor Swift’s investments.
I suppose two theories of work-from-home and financial crime would be:
There are other theories,1 but surely some amount of misconduct at large financial institutions can be more or less explained as “trading desks are fraternities that do a lot of pranks and hazing, and sometimes the pranks involve securities fraud.”2 If you are around your naughty friends all day, their naughtiness will rub off on you; some number of people who wouldn’t independently do financial crimes will do those crimes due to peer pressure. On the other hand if you are a self-starting independent financial criminal, that is probably easier to do from home.