The Slippery Slope to Unethical Financial Choices

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No one deliberately sets out to make bad financial choices. We usually think we are doing the right thing at the time. Even so, all of us make money mistakes and have to deal with the consequences.

When a bad financial choice crosses the line into something unethical or illegal, the stakes are much higher. It is not just a money mistake, but a potentially life-altering decision that can have serious repercussions. Just ask Patrick Kuhse, a former bond trader whose unethical choices led to prison time and a lifetime ban from working in financial services. In a talk to the Financial Planning Association, he described seven key factors in his path to fraud and theft.