In John R. Boatright's Ethical Issues in Financial Services churning is defined as: excessive or inappropriate trading for a client's account by a broker who has control over the account with the intent to generate commissions rather than
to benefit the client. Indicate whether the statement is true or false
Question 2
Which of the following is a formalistic ethical approach?
A. The moral law specifies precisely what the right actions must contain.
B. The moral law contains both formal elements and content for moral actions.
C. The moral law does not state what content an action must have to be a right action.
D. The moral law contains only the content of the action that is right.
John Macadam
John Richardson
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