Cheating clients, ethical dilemmas
Moral hazard: What's an adviser to do when a client is cheating on a spouse?
When a married client told financial adviser J.J. Burns that he had secretly spent $50,000 on his mistress, alarm bells went off.
“This is a major conflict of interest,” said Mr. Burns, head of an eponymous advisory firm. “We're not just hired by him; we're hired by the fam
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