Bloomberg reports that The Association for Investment Management and Research (AIMR), the professional body responsible for standards for analysts, has asked its 60,000 members to act as informants and turn in colleagues who they suspect of acting in an unethical manner.
AIRM CEO Thomas Bowman signed off on an e-mail to members which said, in part: 'If you become aware of unethical conduct by a fellow member, please let us know.'
The Association has come in for some criticism as it has not been aggressive in routing out wrongdoing. The e-mail continues, 'Members have asked us repeatedly in recent months why we have not sanctioned individuals mentioned in the press or those we believe have violated the AIMR Code and Standards...We cannot act without knowledge of violations'.
Members can e-mail any details of suspicious or unethical activity to email@example.com