Advertisement

Journal of Business Ethics

, Volume 9, Issue 7, pp 579–589 | Cite as

The individual investor in securities markets: An ethical analysis

  • Robert E. Frederick
  • W. Michael Hoffman
Varia

Abstract

In this paper we consider whether one type of individual investor, which we call “at risk” investors, should be denied access to securities markets to prevent them from suffering serious financial harm. We consider one kind of paternalistic justification for prohibiting at risk investors from participating in securities markets, and argue that it is not successful. We then argue that restricting access to markets is justified in some circumstances to protect the rights of at risk investors. We conclude with some suggestions about how this might be done.

Keywords

Economic Growth Security Market Individual Investor Ethical Analysis Risk Investor 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Kluwer Academic Publishers 1990

Authors and Affiliations

  • Robert E. Frederick
    • 1
  • W. Michael Hoffman
    • 1
  1. 1.Center for Business EthicsBentley CollegeWalthamUSA

Personalised recommendations