Description: The U.S. government seems to be coming hard on Wall Street. In a recent judgment, the U.S. justice fined JPMorgan $1.7 billion for failing to inform the authorities over Bernard Madoff’s Ponzi scheme.                                

Source: CBC

Date: Jan 10, 2014

Video Link: http://www.cbc.ca/player/News/Business/ID/2429428298/

Questions for Discussion:

1. Should JPMorgan be held responsible and fined for what Bernard Madoff was doing?
2. Is it an organization’s responsibility to continuously monitor what their employees are doing? Would such close monitoring ruin the workplace environment?
3. Going by the logic that the U.S. justice applied, should parents be also penalized if their child hurts someone or steals something for not informing the authorities that their child may behave in such a way?