Ethcial Issues in the Financial services Industry Term Paper

Ethcial Issues in the Financial services Industry - Term Paper Example It is considered that general people tend to consider the field of financial services as more unethical as compared to other areas of business. This is considered as such mostly because of the fact that the industry is considered to be quite large. 2 Ethical issues are considered to have a huge importance in the industry of financial services because numerous people are considered to be consumers of such services. General people tend to consider this field as more unethical as compared to other areas of business. This is mostly because of the fact that the industry is considered to be quite large. It comprises mortgage lenders, pension funds, investment banks, mutual fund organizations, insurance organizations, securities firms, and banks. The industry is considered to make lot of headlines which tout for its ethical lapses due to its vast size. Intermediaries that operate in the field of financial services must follow standards of the industry, rules of law, and act in an ethical manner. The organizations operating in the financial services industry conduct numerous meetings with regard to marketing of financial services, investment analysis, technology training, and new product training but there is very less importance placed with regard to ethical training. The thinking of organizations must be changed in this regard such that ethical training forms part of conferences in financial service organizations and should have a significant number of attendances. The financial services industry is considered to provide essential services which can be considered as fundamental to modern society and economy. It provides services such as safeguarding money of the general public and providing them with domestic lending services. In this regard, it can be said that considering the vital role that financial service organizations play, it is logical to

Luis Angel Perez v. The New York and Presbyterian Hospital Essay

Luis Angel Perez v. The New York and Presbyterian Hospital - Essay Example On August 15, 2003, when Dr. Nunez observed the plaintiff speaking to a patient in a room in Spanish and had an argument with him, he wrote a letter to Dr. Nunez implying that he was acting out of good faith. The hospital prefers hiring bilingual English/Spanish-speakers for the Mental Health Workers as the patients in the Psychiatric Unit include approximately 30% monolingual Spanish-speaking and 50% who are bilingual. The defendant was frequently asked to translate to Spanish speaking patients who were not having the ability to communicate in English. Defendants allegations that his nursing supervisors had used ethnic slurs and had engaged in conduct denigrating him because of his origin was unprofessional as well as mocking patients with limited English proficiency. On August 15, 2003, Dr. Nunez observed the defendant speaking to a patient in Spanish in the patient’s room. He had an argument with the plaintiff who wrote a letter to Dr. Nunez implying that he was acting out of good faith. The plaintiff occasionally talked in Spanish to his fellow workers, but it is not in the patients presence. He did this in the presence of the patients, for instance, when talking to the clerk in an office, away from the patients and with the security guard. Perez suffered from his choice of speaking Spanish to the patients and workers who he did not cause harm to as he risked his job. The first amendment guarantees individuals freedom of expressing themselves freely and guarantees citizens the right to assemble peaceably. Perez communication to his fellow Spanish counterparts in the Medical facility was his right, as it never happened in the presence of a patient. A Title VII of the Civil Rights Act of 1964 states that an employee cannot be segregated. The employees should not be classified in a manner that deprives any individual of employment opportunities because of an individual’s race, color and or other