Ivy League Degree Helps Send Insider Trader To Jail

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Don’t break the law if you have a business or finance degree from Columbia, UPenn, Stanford or another fancy school.

A former Morgan Stanley banker was convicted of insider trading in Hong Kong today for a scheme in which he pocketed more than $4 million. He should have known, the judge said, because he went to Columbia:

AP: Handing down the verdict, Judge Andrew Chan said Mr. Du must have understood the risks he was taking because he has a master’s degree in international banking and finance from Columbia University and worked at various investment banks.

Maybe it’s time for everyone to take that MBA ethics oath.

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